Silicon Studio Corporation (TSE:3907) agreed to acquire additional 33.4% stake in Silicon Studio Korea, Ltd. from Kyu Jae LEE on July 3, 2015. Under the terms of the transaction, Silicon Studio Corporation will acquire additional 0.02 million shares, increasing the stake held from 16.7% stake to 50.1% stake. A contract is expected to be concluded on July 13, 2015. After the transaction, Silicon Studio Korea, Ltd will operate as a subsidiary of Silicon Studio Corporation. Silicon Studio Korea, Ltd reported net assets of ¥114 million, total assets of ¥167 million, operating profit of ¥26 million, revenues of ¥298 million and net income of ¥22 million in 2014. The Board of Silicon Studio Corporation passed a resolution for the transaction on July 3, 2015. As on October 9, 2015, it was announced that the share acquisition is still being negotiated, the share acquisition is now behind schedule. Details of the schedule for the share acquisition will be announced as soon as a decision has been made. The share transfer is expected to be completed on July 13, 2015. Silicon Studio Corporation (TSE:3907) cancelled the acquisition of additional 33.4% stake in Silicon Studio Korea, Ltd. from Kyu Jae LEE on July 3, 2016.