Path Corporation (TSE:3840) signed a contract to acquire remaining 13.85% stake in Madre:X Co Ltd. and 48.9% stake in Zyva Studio Co., Ltd. from ZYYX Inc. for ¥600 million on February 7, 2019. A total of 360 shares of Madre:X will be acquired for ¥185 million and 200 shares of Zyva Studio Co., Ltd. will be acquired for ¥415 million. Path Corporation will increase its stake from 86.15% and 51.1% stakes in Madre:X Co Ltd. and Zyva Studio Co., Ltd. to 100%, after the deal. Madre:X Co Ltd. and Zyva Studio Co., Ltd. will become wholly-owned subsidiaries of Path Corporation, post closing. Board of Directors of Path Corporation resolved in favor of the deal. Deal is expected to close by February 8, 2019.