TOKYO -- Chinese internet conglomerate Tencent Holdings will acquire a 6.86% stake in Japanese publishing company Kadokawa for 30 billion yen ($264 million), Kadokawa announced on Friday.
Business deals
Tencent to invest $264m in Japanese publisher Kadokawa
Chinese internet conglomerate to become third-largest shareholder
China's Tencent is buying a stake of nearly 7% in Japanese publishing company Kadokawa. (Source photos by Kosaku Mimura and screenshot from Kadokawa's website)
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