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. Under the terms of the transaction, Mahaka acquired 1,600 shares in the transaction. PT. Mahaka Media Tbk (JKSE:ABBA) signed a sale and purchase of shares agreement to acquire 80% stake in PT Kalyanamitra Adhara Mahardhika for IDR 3.5 billion on June 30, 2014. In a related transaction, 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.

The shareholders of Mahaka approved the transaction. Sholeh, Adnan & Associates acted as legal advisor while KJPP Firman Suryantoro Sugeng Suzy Hartomo & Rekan acted as appraiser for Mahaka.

PT. Mahaka Media Tbk (JKSE:ABBA) completed the acquisition of 80% stake in PT Kalyanamitra Adhara Mahardhika on July 2, 2014.