Dow Jones & Company to Acquire Full Ownership of WSJ.com Japanese-Language Edition
TOKYO and NEW YORK -- Dow Jones & Company announced today further investment in the company's global expansion and coverage of Japan by acquiring SBI Holdings' 40% ownership stake in The Wall Street Journal Japan K.K., the
joint-venture publisher of WSJ.com's Japanese-language edition
Following completion of the acquisition, Dow Jones will become sole
publisher and will expand operations of the web site, which is one of
the fastest-growing local-language offerings within the Journal's
digital portfolio. WSJ.com's Japanese-language edition, which was
launched in December 2009, has more than two million visitors a month
and is complemented by Japanese-language smartphone and tablet apps
optimized for Apple and Android devices.
"The acquisition demonstrates Dow Jones's continued investment in
publishing, particularly in high-growth markets and in digital,
local-language initiatives," said Lex Fenwick, CEO of Dow Jones &
Company and publisher of The Wall Street Journal. "Together with the
WSJ.com Chinese-language edition and soon-to-launch Bahasa Indonesia
news site, the expansion in Japanese enables us to continue reaching
new readers in Asia and to introduce them to the broader, comprehensive
coverage of The Wall Street Journal worldwide."
Added Robert Thomson, editor-in-chief of Dow Jones and managing editor
of The Wall Street Journal, "This significant investment is evidence of
our determination to expand the Journal across platforms and languages.
It is also a sign of our commitment to Japan, which is the world's
third-largest economy and seemingly at the start of a new phase of
global expansion. That expansion is contingent upon companies and
investors being able to make well-informed decisions and our aim is to
ensure that Japanese readers have access to the world's foremost news
and analysis in their own language. As Matsuo Basho, the great Japanese
poet, noted: 'No matter where your interest lies, you will not be able
to accomplish anything unless you bring your deepest devotion to it.'"