Me2on Co., Ltd. (KOSDAQ:A201490) agreed to acquire IDO communications for KRW 4.7 billion on May 15, 2017. As per terms, 20,000 shares representing 100% stake will be acquired for cash. The consideration is payable on May 19, 2017. For the year ended December 31, 2016, IDO communications reported total assets of KRW 829 million, total capital of KRW 296 million, sales of KRW 1.5 billion and net profit of KRW 87 million. The Board of Directors of Me2on Co., Ltd. resolved the deal on May 15, 2017. The deal is expected to close on May 19, 2017.