CAICA Inc. completed the acquisition of 37.1% stake in iStudy Co., Ltd. from V-cube, Inc..
April 10, 2019
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CAICA Inc. (JASDAQ:2315) entered into an agreement to acquire 37.1% stake in iStudy Co., Ltd. (TSE:2345) from V-cube, Inc. (TSE:3681) for ¥1.3 billion on March 12, 2019. Under the terms of the transaction, CAICA Inc. made a tender offer to acquire 1.48 million shares at ¥850 per share. The Board of iStudy Co., Ltd. resolved on March 12, 2019 in favor of the transaction. The transaction was resolved by the Board of CAICA Inc. on March 12, 2019. The shares of iStudy Co., Ltd. will continue to be listed post completion. The tender offer will start on March 13, 2019 and will end on April 11, 2019. As of March 19, 2019, V-cube had transferred 36.83% stake. KATAOKA & KOBAYASHI LPC acted as legal advisor to iStudy Co., Ltd. GD Co., Ltd. acted as financial advisor to iStudy Co., Ltd. Beyond Solutions. Inc. acted as third party appraiser. I S Securities Co., Ltd acted as tender offer agent.
CAICA Inc. (JASDAQ:2315) completed the acquisition of 37.1% stake in iStudy Co., Ltd. (TSE:2345) from V-cube, Inc. (TSE:3681) on April 11, 2019.
V-cube, Inc. provides visual communication service with a focus on cloud type for companies, education institutions and government agencies. Its visual communication services include Web meeting service which enables its customer to use personal computer, smart phone, tablet terminal and other mobile terminal to share materials and have meetings through Internet, as well as other communication services which include text, audio and video to be represented and online seminars. The Company's services include V-CUBE services, xSync, iStudy and other services.
V-CUBE, INC. 
