Unknown buyers agreed to acquire 10.7% stake in Intimate Merger, Inc. (TSE:7072) from FreakOut Holdings, inc. (TSE:6094) for ¥600 million on December 17, 2018. The buyers include four venture capital companies and one director of Intimate Merger, Inc. Under the terms of the transaction, FreakOut Holdings, inc. will transfer 5,146 shares at ¥116,676 per share. For the year ended September 2018, Intimate Merger, Inc. reported total assets of ¥822 million, net assets of ¥529 million, and sales of ¥1.6 billion. The transaction was resolved on December 17, 2018. The agreement is expected to be signed and the transaction is expected to close in late December 2018.

Unknown buyers cancelled the acquisition of Intimate Merger, Inc. (TSE:7072) from FreakOut Holdings, inc. (TSE:6094) on December 17, 2019.