PT. Mahaka Media Tbk (JKSE:ABBA) agreed to acquire 45% stake in PT Wahana Kalyanamitra Mahardhika for IDR 5.5 billion on June 11, 2014. Under the terms of the transaction, Mahaka will acquire 4.5 million shares. PT. Mahaka Media Tbk (JKSE:ABBA) signed a sale and purchase of shares agreement to acquire 45% stake in PT Wahana Kalyanamitra Mahardhika on June 30, 2014. In a related transaction, PT. Mahaka Media Tbk (JKSE:ABBA) agreed to acquire 80% stake in PT Kalyanamitra Adhara Mahardhika for IDR 3.5 billion on June 11, 2014.

Mahaka's shareholders approved the transaction. Sholeh, Adnan & Associates acted as legal advisor for PT. Mahaka Media Tbk. KJPP Firman Suryantoro Sugeng Suzy Hartomo & Rekan acted as appraiser for the transaction.

PT. Mahaka Media Tbk (JKSE:ABBA) completed the acquisition of 45% stake in PT Wahana Kalyanamitra Mahardhika on July 2, 2014.