Hakuhodo DY Holdings Inc (TSE:2433) made an offer to acquire remaining 54.78% stake in SoldOut, Inc. (TSE:6553) from Digital Holdings, Inc. (TSE:2389) and others for ¥19.5 billion on February 9, 2022. As per the transaction, Hakuhodo DY Holdings Inc made the offer to acquire 10.76 million shares at ¥1809 per share. Post completion, SoldOut, Inc. will become wholly owned subsidiary of Hakuhodo DY Holdings Inc. The offer period will commence from February 10, 2022 to March 30, 2022. The payment settlement date is April 1, 2022. Mizuho Securities Co., Ltd. and TMI Associates acted as financial and legal advisor to SoldOut, Inc. respectively. SMBC Nikko Securities Inc. acted as financial advisor to Hakuhodo DY Holdings Inc.

Hakuhodo DY Holdings Inc (TSE:2433) completed the acquisition of 91.4% stake in SoldOut, Inc. (TSE:6553) from Digital Holdings, Inc. (TSE:2389) and others for ¥17.9 billion on March 28, 2022. During the period, Hakuhodo DY Holdings Inc acquired 9.86 million shares. The offer period commence from February 10, 2022 to March 28, 2022.