KidariStudio, Inc. agreed to acquire a 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird for KRW 2.34 billion.
July 30, 2019
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KidariStudio, Inc. (KOSE:A020120) agreed to acquire a 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird for KRW 2.34 billion on July 1, 2019. Pursuant to the transaction, Kidari will purchase 333 shares and the consideration will be made in cash. The consideration will be made through reserved funds and external financing means. DELITOON SAS had total assets of KRW 18.7 billion in 2018. The transaction is subject to fair trade commission and is expected to be complete by July 30, 2019. Nebula Accounting Firm acted as the external evaluation body.
KidariStudio Inc, formerly Daouincube, is a Korea-based company engaged in the provision of technological solutions to publishing industry. It provides solutions for creating rich media contents deliverables for multi-channels including tablet personal computers, smart phones and other interactive electronic devices. It operates two business divisions. Its Quark division specializes in domestic operation and marketing for QuarkXPress products and Quark solutions, which are software used in desktop publishing (DTP) electronic publishing and editing sectors. Its E-Book division provides conversion solutions, which enables automatic conversion of original publication made by QuarkXPress to ePub files. On February 20, 2014, the Company sold its entire shares of Smartphy, a Korea-based company engaged in the manufacturing of semiconductor development.
KidariStudio, Inc. agreed to acquire a 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird for KRW 2.34 billion.
KIDARISTUDIO, INC. 
