Me2on Co., Ltd. completed the acquisition of IDO communications.
May 30, 2017
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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.
Me2on Co., Ltd. (KOSDAQ:A201490) completed the acquisition of IDO communications in May 2017.
ME2ON CO., LTD. is a Korea-based company mainly engaged in the development and provision of games. Along with subsidiaries, the Company operates its business through two segments. The Game Business segment is engaged in the development and provision of mobile, web and online games. The game is provided under the name of Fulpot Poker, Full House Casino and Play Vegas. The Advertising Business segment is engaged in the provision of online advertising services. The Company distributes its products within the domestic market and to overseas markets.