Japanese telecom giant NTT plans to acquire NTT Data for $16.3 billion to strengthen its AI business.

Gate News bot reported that, according to Bloomberg, Nippon Telegraph and Telephone Corp. has received enough acquisition offers to acquire NTT Data Group Corp. This deal is valued at 2.37 trillion yen (approximately 16.3 billion USD) and is expected to enhance its ambitions in the field of artificial intelligence and streamline the company structure.

The Japanese company stated in a statement on Friday that it will start settlement on June 26. NTT holds about 58% of the shares of NTT Data and proposed last month to acquire the NTT Data shares it does not already own at a price of 4,000 yen per share, and plans to take it private.

Acquisition of one of the world's largest data center operators, NTT Data, will make artificial intelligence the core business of the NTT Group and expand its global influence across various sectors. Approximately one-third of NTT Data's shares are held by the government, competing with KDDI Corp. and SoftBank Group in the increasingly fierce artificial intelligence race. Currently, the Japanese government is promoting companies to develop their own artificial intelligence platforms to compete with companies like OpenAI and China's DeepSeek.

This move also comes at a time when Japanese corporate groups are under pressure from regulators to streamline their corporate structures. In February of this year, the Tokyo Stock Exchange warned companies listed under their parent companies to better protect the interests of minority shareholders and intensified efforts to reduce such arrangements, which have been ongoing for a long time.