The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

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

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…

Other China Tech Buzz: