Actoz Soft Co., Ltd. agreed to acquire 20.5% stake in Eyedentitygames, Inc. from Shanda Games International Ltd.
October 10, 2012 at 12:00 am EDT
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Actoz Soft Co., Ltd. (KOSE:A052790) agreed to acquire 20.5% stake in Eyedentitygames, Inc. from Shanda Games International (Pte) Ltd. for approximately KRW 110 billion in cash on June 28, 2012. Actoz Soft will acquire 0.53 million shares of Eyedentitygames. The first acquisition payment of KRW 60 billion will be made on October 18, 2012 and balance payment of KRW 53.5 billion will be made on October 18, 2013. For the period ending December 31, 2011, Eyedentitygames, Inc. reported total assets of KRW 64.37 billion, total liabilities of KRW 10.66 billion, total stockholders' equity of KRW 53.71 billion, sales of KRW 60.97 billion and net profit of KRW 33.48 billion. The special Committee approved the transaction on September 27, 2012. The Board of Directors of Actoz Soft resolved the deal on September 28, 2012. The transaction is expected to complete by October 19, 2012.
Actoz Soft Co., Ltd. (KOSE:A052790) completed the acquisition of 20.5% stake in Eyedentitygames, Inc. from Shanda Games International (Pte) Ltd. on October 10, 2012. Second payment of KRW 6 billion was made on May 7, 2013. Third payment of KRW 4 billion was made on May 13, 2013, and final payment of CNY 44.8 billion was made on June 19, 2013.
ACTOZ SOFT CO.,LTD. is a Korea-based company engaged in the development, publishing and marketing of online game software. The Company provides online game software and mobile game software. The Companyâs products including action massively multiplayer online role-playing games (MMORPGs), heroism role-playing games, three dimension (3D) adventure role-playing games, casual games, shooting games and sports games, such as La Tale, LAZESKA, AquAqu, A3 and Dark Blood, among others. The Company distributes its game products within domestic market and to overseas markets, including China, Japan, Thailand, Singapore, India, Taiwan and others.