Genie Music Corporation (KOSDAQ:A043610) agreed to acquire Millie Co., Ltd for KRW 248.9 million on March 27, 2024. The consideration consists of KRW 248.9 million in cash. As part of the consideration, KRW 248.9 million was paid towards common equity of 0.2 million shares.

Millie Co., Ltd reported revenue of KRW 0, total assets of KRW 380 million and net loss of KRW 1 million. The expected date of acquisition is on May 24, 2024.