Mobcast Holdings Inc. (TSE:3664) entered into an agreement to acquire gamegate, Inc. from MSB Co., Ltd., Tetsu Sakano and Hirotaka Hosono on July 3, 2019. MSB Co., Ltd. will sell 35% stake, Tetsu Sakano will sell 15% stake and Hirotaka Hosono will sell 50% stake in gamegate, Inc. Post completion, Mobcast Holdings Inc. will hold the entire 100% stake in gamegate, Inc. For the year ended July 2018, gamegate, Inc. reported sales of ¥604.36 million, net assets of ¥106.85 million, total assets of ¥457.41 million, net income of ¥49.28 million and operating profit of ¥49.67 million. The transaction is expected to complete in the end of December 2019.