Kakao Page Corp. completed the acquisition of 19.8% stake in Daewon C.I. Inc. from Daewon Media Co., Ltd..
September 27, 2018
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Kakao Page Corp. agreed to acquire an additional 19.8% stake in Daewon C.I. Inc. from Daewon Media Co., Ltd. (KOSDAQ:A048910) for KRW 15 billion on September 18, 2018. As per the terms, consideration will be payable in cash and Kakao Page Corp. will acquire 0.09 million shares in Daewon C.I. Inc. Post acquisition, Daewon Media will hold 80.2% shares in Daewon C.I. Inc. As of December 31, 2017, Daewon C.I. Inc. reported total assets of KRW 16.6 billion, sales of KRW 37.8 billion and net profit of KRW 3.2 billion. As of September 18, 2018, transaction has been resolved by the Board of Daewon Media.
Kakao Page Corp. completed the acquisition of an additional 19.8% stake in Daewon C.I. Inc. from Daewon Media Co., Ltd. (KOSDAQ:A048910) on September 28, 2018.
DAEWON MEDIA CO.,LTD. is a Korea-based company engaged in the animation business. It operates four business divisions. Its animation production division creates imports and distributes animations. Its character licensing and merchandising division provides toys, character goods, games and trading card games, as well as star collection cards. Its game division develops game software under the brand name of Nintendo, and online games, based on animation characters, including Crayon Shin-Chan, Slam Dunk, Power Rangers and others. Its digital contents distribution platform division provides digital contents such as comics, animations and games via its platform. Through its subsidiaries and affiliates, it involves in the animation broadcasting, game terminal and software distribution, and cartoon publishing. On February 28, 2014, it sold all its shares of Bandai Korea Co., Ltd., which is engaged in the design, manufacturing and sales of toys, play equipment and exercise equipment.
DAEWON MEDIA CO., LTD. 
