KidariStudio, Inc. completed the acquisition of Webtoon production studio business of Kidarient Corp.
June 29, 2019
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KidariStudio, Inc. (KOSE:A020120) agreed to acquire Webtoon production studio business of Kidarient Corp. for KRW 5.1 billion on April 30, 2019. The consideration shall be paid in cash as per deposit being paid on May 7, 2019 and balance paid on July 30, 2019. The consideration shall be funded through cash and borrowed money. Webtoon production studio business reported assets of KRW 5.57 billion and sales of KRW 7.61 billion. As on June 7, 2019, the shareholders of KidariStudio, Inc. approved the transaction. The date of completion is scheduled for June 30, 2019. Samyoung Accounting Corporation acted as external evaluation agency.
KidariStudio, Inc. (KOSE:A020120) completed the acquisition of Webtoon production studio business of Kidarient Corp. on June 30, 2019.
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. 
