DLE Inc. (TSE:3686) announced a private placement of 22,000,000 common shares at a price of ¥126 per share for the gross proceeds of ¥2,772,000,000 on May 10, 2019. The transaction will include participation from new investor Asahi Broadcasting Group Holdings Corporation (TSE:9405) which will acquire 51.97% stake through the transaction. The transaction has been approved by the board of directors of the investor.

The transaction will take place through third-party allocation method. The company expects to close the transaction on May 29, 2019. The company will become the subsidiary of the investor post the transaction.