HomeCastMedia Co.,Ltd agreed to acquire Set-top box business division of Topco Media Co.,Ltd. (KOSDAQ:A134580) for KRW 6 billion on October 25, 2023. Under the terms, HomeCastMedia will pay KRW 3 billion by closing date and remaining consideration by March 31, 2024. The Set-top box business division reported sales of KRW 10.9 billion for the period ending December 31, 2022. The transaction is subject to shareholders of Topco Media and is expected to close on December 31, 2023.

HomeCastMedia Co.,Ltd completed the acquisition of Set-top box business division of Topco Media Co.,Ltd. (KOSDAQ:A134580) on December 31, 2023.