Transaction Media Networks Inc. completed the acquisition of WebSpace Co.,Ltd. from Takuo Fujita and others.
Transaction Media Networks Inc. entered into an agreement to acquire WebSpace Co.,Ltd. from Takuo Fujita and others for approximately ¥890 million on November 14, 2023. Board of directors of Transaction Media Networks Inc have resolved the transaction. As of year ended June 2023, WebSpace Co.,Ltd reported revenue of ¥1,264 million, total common equity of ¥414 million, EBIT of ¥59 million, net income of ¥41 million and total assets of ¥1,242 million. The transaction is expected to be closed by December 26, 2023.
Transaction Media Networks Inc. completed the acquisition of WebSpace Co.,Ltd. from Takuo Fujita and others for ¥890 million on December 26, 2023.