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Business deals

Japan's electronics retailer Yamada to take over furniture seller

Crisis-torn Otsuka Kagu to cede majority stake to appliance store chain for $37m

Yamada's takeover could put to rest the boardroom and family feuds that have plagued Otsuka since 2015.

TOKYO (Reuters) -- Japanese electronics retailer Yamada Denki Co is set to pay over 4 billion yen ($36.8 million) to take over furniture seller Otsuka Kagu, which struggled to recover from a drawn-out boardroom and family feud, a report said on Thursday.

The two companies are in the final stages of striking a deal, and are set to make an announcement this week, Diamond Online reported.

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