CYBRiDGE GROUP CORPORATION entered into a basic agreement to acquire REAL X, Inc. from REALWORLD, inc..
February 25, 2020
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CYBRiDGE GROUP CORPORATION entered into a letter of intent to acquire REAL X, Inc. from REALWORLD, inc. (TSE:3691) on February 26, 2020. CYBRiDGE GROUP CORPORATION agreed to acquire REAL X, Inc. from REALWORLD, inc. (TSE:3691) on August 25, 2020. REALWORLD, inc. (TSE:3691) will transfer 2000 shares and will no longer hold stake in REAL X, Inc. Gendama is operated by by REAL X,Inc. Real X will continue to hold the membership base of 10 million members. For the period ending September 2019, REAL X, Inc. had total assets of ¥168.6 million, sales of ¥1.13 billion, operating loss of ¥106.14 million, net loss of ¥160.26 million and net liabilities of ¥147.4 million. The final contract conclusion is expected to take place until the end of August, 2020. The transaction is expected to be completed by end of September 2020. As on August 25, 2020, the transaction is expected to close on October 1, 2020.
Digital Plus Inc, formerly Realworld Inc, is a Japan-based Company mainly engaged in GAFA media business and fintech business. The Company operates through two segments. The GAFA Media segment operates online entertainment content introduction media, and cheap subscriber identity module (SIM) comparison media. The Fintech segment operates point exchange services RealPay and RealPay Gift, and develops basic technology for system infrastructure, applies new technologies such as blockchain used in Bitcoin, and invests in financial fields.