IB Sports Inc. (KOSE: A011420) agreed to sell a 14.04% stake in Evergreen Content Group for KRW 3.1 billion on December 29, 2009. Under the terms of transaction, IB Sports will sell 0.08 million shares of Evergreen Content. Upon completion, IB Sports will hold a 5.26% stake in Evergreen Content. Evergreen Content Group had revenues of KRW 1.9 million, total assets of KRW 26424 million, net income of (4819.45) million and total common equity of KRW 2961.1 million in 2008. As of June 30, 2010, the transaction is expected to close on November 30, 2010. As of March 29, 2011, of the total consideration, KRW 100 million will be received by March 29, 2011, KRW 300 million will be received by June 29, 2011, KRW 300 million by September 29, 2011 and remaining KRW 2.4 billion will be received by December 30, 2011. The closing of the transaction is postponed from March 29, 2011 to December 30, 2011. As of December 30, 2011, the transaction will close on December 28, 2012. As of December 30, 2011, of the total consideration, KRW 100 million will be received by March 29, 2011, KRW 200 million will be received by January 31, 2012, KRW 100 million will be received by February 29, 2012, KRW 100 million will be received by March 30, 2012, KRW 300 million will be received by June 29, 2012, KRW 300 million will be received by September 28, 2012 and KRW 2046 million will be received by December 28, 2012. As of December 28, 2012, the scheduled disposal date is July 1, 2013. As on June 26, 2013, the closing of the transaction has been extended to September 30, 2013. As on September 27, 2013, the scheduled closing date has been revised to December 31, 2013. As on December 30, 2013, the closing date of the transaction has been postponed from December 31, 2013, to March 31, 2014. The payment scheduled has been modified, and IB Sports will pay KRW 200 million on February 28, 2014, and will pay KRW 2.8 billion on March 31, 2014. As on March 27, 2014, the closing date of the transaction has been postponed from March 31, 2014, to June 30, 2014. The payment scheduled has been modified, and IB Sports will pay KRW 200 million until May 30, 2014, and will pay KRW 2.8 billion until June 30, 2014. As of June 27, 2014, the closing date of the transaction has been postponed from June 30, 2014 to September 30, 2014. The payment scheduled has been modified, and IB Sports will pay KRW 200 million until August 31, 2014, and will pay KRW 2.85 billion until September 30, 2014. As of September 30, 2014, the closing date of the transaction has been postponed from September 30, 2014 to December 31, 2014. The payment scheduled has been modified, and IB Sports will pay KRW 200 million until November 30, 2014, and will pay KRW 2.85 billion until December 31, 2014. The payment scheduled has been modified, and IB Sports will pay KRW 200 million until August 31, 2015, and will pay KRW 2.85 billion until September 30, 2015. As of September 25, 2015, scheduled date for sale was changed to March 31, 2016. IB will now receive KRW 200 million by February 29, 2016 and KRW 2.85 billion by March 31, 2016. In a recent amendment on September 29, 2016, the payment scheduled has been modified, and IB Sports will pay KRW 100 million until February 28, 2017 and will pay KRW 2.85 billion until March 31, 2017. The transaction is expected to close by March 31, 2017. In a recent amendment on March 29, 2017, the payment scheduled has been modified, and IB Sports will pay KRW 100 million until August 31, 2017 and will pay KRW 2.85 billion until September 30, 2017. The transaction is expected to close by September 30, 2017. As per the amendment report dated September 26, 2017, Galaxia SM, Inc. will now pay KRW 200 million by August 31, 2018 and KRW 2.8 billion by September 30, 2018. The transaction is now expected to be completed by September 30, 2018. As on September 28, 2018, the payment schedule has been changed, KRW 100 million was paid on Match 29, 2011; KRW 200 million will now be paid until August 31, 2019; and KRW 2.8 billion will be paid until September 30, 2019. An unknown buyer cancelled the acquisition of 14.04% stake in Evergreen Content Group from Galaxia SM, Inc. (KOSE:A011420) on March 31, 2019.