Innocean Worldwide Inc. (KOSE:A214320) acquired David & Goliath LLC for $71.6 million on December 14, 2017. Based on the acquisition contract, half of the amount will be paid on January 2, 2018 and the rest will be paid over the next four years. Innocean Worldwide will pay the full acquisition amount in cash, as it has sufficient cash reserves. David & Goliath will remain a separate entity under the new ownership and retain its current branding with founder David Angelo continuing to run the agency. Samjong KPMG Advisory Inc. acted as the financial advisor to Innocean Worldwide Inc. KPMG LLP acted as accountant advisor for Innocean Worldwide. Innocean Worldwide Inc. (KOSE:A214320) completed the acquisition of David & Goliath LLC on December 14, 2017.