PANDORA TV Co.,Ltd. (XKON:A202960) agreed to acquire Monster Co., Ltd. from Sunkyun Im for KRW 4.2 billion on December 1, 2016. Pandora TV Co., Ltd. will acquire 0.6 million shares as part of the transaction. Pandora TV Co., Ltd. will pay KRW 3.4 billion on December 1, 2016 and KRW 800 million on June 30, 2017. As per the new amendment terms on June 30, 2017, KRW 800 million now further divided into two parts under which Pandora TV Co., Ltd. will pay KRW 300 million on June 30, 2017 and KRW 500 million on September 30, 2017. The transaction will be funded with Pandora TV Co.'s own funds. Out of the KRW 4.2 billion, KRW 2.3 billion will be raised through paid-in capital increase which was resolved on November 22, 2016. Monster Co., Ltd had total assets of KRW 431.64 million, net liabilities of KRW 407.19 million, revenue of KRW 1.78 billion and net loss of KRW 379.84 million in 2015. The transaction was resolved by the Board of Directors of Pandora TV Co., Ltd on December 1, 2016. The transaction is expected to complete on December 1, 2016.