Cloud Star Corporation entered into an agreement to acquire Accend Media from Scott Gerardi and other shareholders on May 7, 2012. As part of the agreement, Scott Gerardi, Chief Executive Officer of Accend Media agreed to exchange the majority of his shares in exchange for an employment agreement to the shareholders of Cloud Star on a pro-rata basis, whereby Cloud Star will merger into Accend Media. On completion, the merged entity will have 97.2 million outstanding shares, out of which Cloud Star will own 60 million shares. The transaction was accounted as reverse merger acquisition. Post acquisition, Accend Media's name shall change to Cloud Star Corporation. The deal is subject to dissenters rights limited, third party approval, government approval, financial audit of Accend. On May 22, 2012, the transaction got the approval of the shareholders of Cloud Star and Accend Media. The transaction got unanimous approval of the Board of Cloud Star and Accend Media. The transaction is expected to close on May 22, 2012. Thomas C. Cook, Ltd. acted as the legal advisor for Accend Media. Ira D. Lebovic acted as the advisor for Cloud Star Corporation. Cloud Star Corporation entered into an agreement to acquire Accend Media from Scott Gerardi and other shareholders on May 22, 2012.