GMO Internet Pte. Ltd agreed to acquire GMO Cloud Pte. Ltd. from GMO CLOUD K.K. (TSE:3788) for ¥40 million on June 15, 2015.

GMO Internet Pte. Ltd will acquire 1.1 million shares of GMO CLOUD K.K. GMO CLOUD K.K. reported net assets of ¥34.97 million, total assets of ¥63.86 million, net sales of ¥4.6 million, operating loss of ¥37.1 million and net loss of ¥35.4 million for the year ending December 31, 2014. The transaction was resolved by the Board of GMO Cloud Ltd. The transaction is expected to close on June 26, 2015.