FreakOut, inc cancelled the acquisition of remaining 50% in M.T.Burn from IGNIS LTD..
January 27, 2017
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FreakOut, inc (TSE:6094) concluded a contract to acquire remaining 50% in M.T.Burn from IGNIS LTD. (TSE:3689) for approximately ¥500 million on January 28, 2016. As per the agreement, 3658 shares will be acquired at ¥136,686 per share. In a related deal, LINE Corporation agreed to acquire 50% stake in M.T.Burn from FreakOut, inc (TSE:6094) for approximately ¥500 million on January 28, 2016. M.T.Burn had total assets of ¥149.88 million, net liabilities of ¥171.19 million, sales of ¥357.23 million, operating loss of ¥217.32 million and net loss of ¥218.76 million for the year ended September 30, 2015. A corporate resolution for the transaction was passed on January 28, 2016. The deal is expected to close on February 1, 2016.
FreakOut, inc (TSE:6094) cancelled the acquisition of remaining 50% in M.T.Burn from IGNIS LTD. (TSE:3689) on January 28, 2017.
FreakOut Holdings, inc. is a Japan-based company primarily engaged in the demand site platform business. The Company focusing on big data analysis technology which analyzes the behavior web log, advertising contact history data and purchase information in real time. The Company primarily provides DSP (FreakOut) and DMP (MOTHER) to improve the advertising effectiveness. In its DSP (FreakOut) business, it performs real-time placement transaction in Internet advertising, while it its DMP (MOTHER) business, the advertisers analyze the big data including site access data, advertising delivery data, membership data and purchase data using analysis software development by the company to support its marketing channel.
FREAKOUT HOLDINGS, INC. 
