CYBRiDGE GROUP CORPORATION made an offer to acquire 64.591916% stake in fonfun corporation (TSE:2323) for approximately ¥990 million on May 15, 2023. The transaction is expected to close on June 12, 2023. As of June 13, 2023 The transaction is expected to close on June 26, 2023. CYBRIDGE Group appointed Tanabe & Partners as a legal advisor. fonfun corporation has decided to appoint Sato Sogo Law Office as its legal advisor for the Tender Offer.

CYBRiDGE GROUP CORPORATION completed the acquisition of 64.591916% stake in fonfun corporation (TSE:2323) for approximately ¥990 million on June 27, 2023.