Dow Jones & Company is set to expand its reach in Japan by acquiring SBI Holdings’ 40 percent stake in The Wall Street Journal Japan K.K., the co-publisher of WSJ.com’s Japanese-language edition. Once the purchase is made, Dow Jones will have full ownership of the site, with plans to grow the operations.
“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, in a press release. “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.”
The Japanese language edition of the Journal is edited from the paper’s Tokyo bureau and carries a mix of local stories and articles translated from the U.S. version.