KLab Inc. (TSE:3656) and KLab Ventures Inc. agreed to acquire 17.5% Utagoe Inc. from Sockets Inc. (TSE:3634) for ¥64 million on January 15, 2014. Securities sale and purchase contract will be concluded on January 22, 2014. The Board of Directors of Sockets passed a resolution for the transaction on January 15, 2014 and the transaction is expected to close by January 23, 2014.

The transaction will result in a gain of ¥18 million.