Dentsu Group Inc. (TSE:4324) agreed to acquire 18.19% stake in Dream Incubator Inc. (TSE:4310) from Koichi Hori and Wiseman K.K. for ¥2.4 billion on May 14, 2021. Under the terms, Dentsu will acquire 1,421,000 shares from Koichi Hori and 400,000 shares from Wiseman K.K. at ¥1,300 per share. Post completion of this transaction and capital and business alliance, Dentsu will hold 1,951,000 shares and Koichi Hori will hold 1,000 shares of Dream Incubator.

The Regulatory Board Resolved on May 14, 2021. The transaction is expected to close on May 14, 2021.