IG Port announced that its consolidated subsidiary, Wit Studio, has acquired a 14.3% stake in qdopp, Inc., a company specializing in IP production and overseas business consulting. The acquisition, completed on May 31, involves 2,857 shares of qdopp, although the financial terms of the deal were not disclosed.
qdopp, led by CEO Leo Akahoshi, leverages Akaboshi’s deep familiarity with the Middle East, gained from his time studying in Syria. The company operates the Arabic language web media “AniMENA” and provides consulting services to businesses looking to expand into the Arab market. Additionally, Qdap runs “Honey’s Anime,” an overseas anime information platform, the English novel posting site “Honeyfeed,” and the IP production business “Hivemind.”
This acquisition aligns with IG Port’s strategic policy of strengthening its international business footprint. By investing in qdopp, IG Port aims to capitalize on the rapidly growing animation market in the Middle East, thereby enhancing the global reach of its works. The move is part of a broader effort to expand the influence and presence of IG Port and its subsidiaries in key international markets.
While the financial impact of this acquisition on IG Port’s consolidated results is expected to be minor, the company remains committed to providing updates should there be any significant changes or the need to revise earnings forecasts.
This strategic partnership underscores Wit Studio’s and IG Port’s commitment to leveraging local expertise and media platforms to penetrate new markets effectively. The acquisition of a stake in Qdap is a calculated move to enhance the global expansion strategy and strengthen business operations in the Middle East, a region with burgeoning demand for animation content.
