fonfun corporation (JASDAQ:2323) entered into an agreement to acquire Voice Mail Business from Musashino Co., Ltd for ¥190 million on November 20, 2019. The consideration will be paid in cash. As of fiscal year ended March 2019, voicemail business generated net sale of ¥97 million and operating income of ¥52 million. The transaction is expected to close on December 6, 2019. fonfun corporation (JASDAQ:2323) completed the acquisition of Voice Mail Business from Musashino Co., Ltd on December 6, 2019. The consideration is funded through ¥208.8 million of proceeds raised from new shares issued to third party by fonfun corporation.