Tencent to Invest in Japanese Publishing Company Kadokawa to Strengthen Cooperation in Animation and Gaming Intellectual Property
Tencent announced on October 29 that it will acquire a 6.86% stake in Kadokawa for 30 billion yen($263 million) via its subsidiary Sixjoy, a wholly-owned subsidiary of Tencent in Hong Kong. After the acquisition, the Chinese tech conglomerate will become Kadokawa’s third-largest shareholder.
This is Tencent’s largest investment i…
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