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Chinese company Tencent Holdings becomes Kadokawa’s third largest shareholder – Kudasai

October 30, 2021
Source: codelist.biz codelist.biz
News Snapshot:
Chinese company Tencent Holdings becomes Kadokawa’s third largest shareholder – Kudasai The editorial Kadokawa announced that the Chinese internet conglomerate Tencent Holdings will acquire a 6.86 percent stake in Kadokawa for 30 billion yen (about $ 264 million) and will become the third largest shareholder in the company. Sixjoy, a subsidiary of Tencent The Hong Kong-based company will buy 4.86 million shares for 6,170 yen (about $ 54) per share, a 2.3 percent premium over its closing price. The transaction is expected to take place between November 15 and November 26. Kadokawa stated that he will come to an agreement...
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Tags: agreement | alliance | animation | bank | Business | capital | Chinese | content | fund | game | Hong Kong | Internet | investment | Japan | KONG | media | president | revenue | share | shareholder | shares | Sony | strategy | technology | Tencent

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