Mynet, Inc. (TSE:3928) signed a contract to acquire internet contents business and Card King from CROOZ, Inc. for ¥4.5 billion on October 13, 2016. Post acquisition the business will operate as C&M Games Co., Ltd. As on February 13, 2017, the final consideration value was determined to be ¥3.347 billion. For the year ended December 31, 2015, internet contents business and Card King reported sales of ¥8.68 billion and operating profit of ¥2.42 billion.

The deal was resolved by the Board of Directors of Mynet Inc. on October 13, 2016. The deal is expected to close on November 1, 2016. Mynet Inc. will pay ¥40 million as advisory costs.