MEDIA DO Co., Ltd. (TSE:3678) agreed to acquire 70% stake in Everystar Co., Ltd from DeNA Co., Ltd. (TSE:2432) for ¥2 billion on September 29, 2021. Under the terms MEDIA DO Co., Ltd. will acquire 22400 shares. As of October 28, 2021, the consideration to acquire 70% interest in Everystar changed from ¥2 billion to ¥1 billion.

For the period ended March 31, 2021, Everystar Co., Ltd reported net assets ¥1.7 billion, total assets of ¥1.8 billion, revenues of ¥881 million, net income of ¥162 million and EBIT of ¥232 million. The transaction is resolved by the acquirer's board. The transaction is expected to close on December 1, 2021.

Advisory fee of ¥10 million will be paid as a part of transaction cost. As of October 28, 2021, the transaction is postponed to complete on December 14, 2021.