Axel Mark Inc. (TSE:3624) signed a basic agreement to acquire DMM.yell business from DMM.com LTD on September 6, 2017. As of October 13, 2017 Axel Mark Inc. concluded a business transfer agreement for the deal. Settlement for the transaction will be done by cash. The business transfer agreement will be signed on September 29, 2017. DMM.yell business had revenue of ¥202.23 million and operating loss ¥116.67 million for the year ending February 28, 2017. The transaction is expected to close on November 1, 2017.