Link-U Inc. (TSE:4446) agreed to acquire 49% stake in Viewn Corp. from SoftBank Group Corp. (TSE:9984) and Zenpukuji Co., Ltd. on June 6, 2023.

As on March 31, 2023, Viewn Corp. generated net worth of ¥317 million, total assets of ¥560 million, sales of ¥1 billion and net income of ¥55 million. As per the transaction, Link-U Inc. will acquire 8,624 shares of Viewn Corp.

The transaction is expected to close in August 2023.