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.