Studio Cruise Co., Ltd. made an offer to acquire AOI TYO Holdings Inc. (TSE:3975) from shareholders for ¥21.4 billion on May 14, 2021. Under the terms of transaction, Studio Cruise Co., Ltd. will acquire all shares at ¥ 900 per share. The minimum number of shares to be acquired is 15.8 million. The deal is expected to be completed by July 5, 2021. TMI Associates acted as legal advisor and KPMG FAS Co., Ltd. acted as financial advisor to AOI TYO Holdings Inc. Studio Cruise Co., Ltd. completed the acquisition of AOI TYO Holdings Inc. (TSE:3975) from shareholders on July 5, 2021.