NTT DOCOMO, INC. and Medley, Inc. (TSE:4480) signed share purchase agreement to acquire Minacolor Inc. for approximately ¥180 million on October 22, 2021. NTT DOCOMO and Medley will acquire 85.1% and 14.9% of outstanding shares of minacolor respectively. Medley and NTT DOCOMO will jointly hold minacolor and combine the assets. Number of shares to be acquired are 25,112 shares. NTT DOCOMO and Medley will underwrite the capital increase through third-party allotment (total of approx. ¥3.2 billion) with the shareholding ratio unchanged. In addition, Medley will underwrite CBs of approx. ¥1.2 billion in total to support minacolor's future growth and Medley will convert minacolor into an equity method affiliate when all CBs are converted to ordinary shares. After the exercise of all stock acquisition rights, Medley will hold 33.4% of voting rights of minacolor, which will lead minacolor to become an equity method affiliate of Medley. The transaction is expected to close on October 29, 2021. NTT DOCOMO, INC. and Medley, Inc. (TSE:4480) completed the acquisition of Minacolor Inc. in 4th quarter of 2021.