Japan's MUFG to spend over $660 million to buy robo-adviser WealthNavi

Japan's MUFG to spend over $660 million to buy robo-adviser WealthNavi

Japan's MUFG plans to acquire WealthNavi for $664 million, making it a wholly owned subsidiary. The move reflects a growing trend of financial firms partnering with fintech companies to enhance online services and encourage more investment in financial markets in Japan.

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