SoftBank Corp. (the “Company”) announces that it has decided to tender in the tender offer (the “Tender Offer”) for shares of GungHo Online Entertainment, Inc. (JASDAQ Standard, code 3765, “GungHo”), which was resolved at GungHo's board of directors' meeting held today, and the Company and GungHo entered into an Agreement to Tender Shares in Tender Offer, under which the Company has agreed to tender in the Tender Offer a portion of the common shares of GungHo held by the Company, as described below.
