Futurestream Networks Co., Ltd. (KOSDAQ:A214270) agreed to acquire 5.7% stake in Wisebirds Inc. from Yello Digital Marketing Inc. for KRW 4 billion on July 31, 2017. Under the transaction, Futurestream Networks Co., Ltd. will acquire 0.13 million shares in cash. The consideration will be paid by using self-owned funds. During the financial year ended December 2016, Wisebirds Inc. reported total assets of KRW 25.99 billion, sales of KRW 57.75 billion and net profit of KRW 2.02 billion. The transaction has been resolved by the Board of Futurestream Networks Co., Ltd. and is expected to complete by July 31, 2017. Hanju Accounting Corporation acted as the external rating institute.