Commencement of Tender Offer by a Subsidiary
(GungHo Online Entertainment, Inc.)
April 28, 2015
SoftBank Corp. (the “Company”) announces that its subsidiary GungHo Online Entertainment, Inc. (JASDAQ Standard, code 3765, “GungHo”) has resolved at its board of directors' meeting held today to repurchase its own shares and to execute it by a tender offer as a specific measure for the repurchase (the “Tender Offer”) as attached.
For the impact of the Tender Offer on financial results of the Company, please refer to “5. Impact on Financial Results” of the press release “Tender in Tender Offer for Shares of a Subsidiary Accompanied by the Change in Scope of Consolidation” issued today.
Outline of GungHo
|Address||3-8-1, Marunouchi, Chiyoda-ku, Tokyo|
|Representative||Kazuki Morishita, President & CEO|
|Common stock||JPY 5,338 million (as of December 31, 2014)|
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