SoftBank Corp. signed a contract to acquire 20.01% stake in MicroAd, Inc. from CyberAgent Inc. (TSE:4751) for ¥4 billion on April 21, 2016. Under the terms of the transaction, SoftBank will acquire 693 existing shares of MicroAd and some new shares of MicroAd.

The transaction is subject to the completion of the process of filing written reports to the authorities concerned. The transaction has been resolved during the CyberAgent's Board of Directors' meeting on April 21, 2016 and is expected to close on May 31, 2016.