I-Freek Mobile Inc. (JASDAQ:3845) entered into a share transfer agreement to acquire Free Co., Ltd. from Yurie Tani for ¥30 million on December 25, 2018. As per the terms, I-Freek Mobile will acquire 100 shares. Post acquisition, Free Co., Ltd. will become a wholly-owned subsidiary of I-Freek Mobile. In a related transaction, I-Freek Mobile will acquire Realtime Anniversary Co., Ltd. from Realtime Media Co., Ltd. for ¥22.8 million on December 25, 2018. For the fiscal year ended February 2018, Free Co., Ltd. reported net liability of ¥2.3 million, total assets of ¥32.4 million, sales of ¥119.3 million, operating loss of ¥6 million and net loss of ¥7.6 million. The transaction has been resolved by the Board of Directors of I-Freek Mobile and expected to be completed on December 25, 2018. The transaction has also incurred advisory expenses, etc of ¥21 million.