Mynet Inc. (TSE:3928) concluded a basic agreement to acquire MYLOOPS Co., Ltd from NEXON Co., Ltd. (TSE:3659) for ¥500 million on October 24, 2019. Mynet will acquire 10 shares. The acquisition price is paid when certain conditions are achieved for a certain period after execution of the share transfer (closing). In 2018, MYLOOPS had net sales of ¥3.1 billion and operating income of ¥715 million. Date of resolution of the Board of Directors of Mynet is October 24, 2019. Completion is expected on November 29, 2019.

Mynet Inc. (TSE:3928) completed the acquisition of MYLOOPS Co., Ltd from NEXON Co., Ltd. (TSE:3659) on October 31, 2020.