Media Do Co., Ltd. (TSE:3678) concluded a contract to acquire entertainment business from Altra Entertainment Co., Ltd. for ¥800 million on February 22, 2017. Media Do Co., Ltd will pay the consideration in cash and will fund the transaction through bank loans. The Board of Directors of Media Do Co., Ltd passed a resolution for the transaction on February 22, 2017. The transaction is expected to be completed by end of April 2017.