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Nikkei Markets

Tencent Holdings Unit Invests KRW50 Bln In South Korea's KaKao Games

By Carrie Chen
Nikkei Markets
HONG KONG (Feb 14) -- A unit of Tencent Holdings agreed to invest 50 billion South Korean won ($46.4 million) in KaKao Games, a unit of Seoul-listed internet services major KaKao, the South Korean company said in an exchange filing on Wednesday.

Aceville, a unit of Hong Kong-listed social media and gaming major Tencent, was among a group of investors that agreed to subscribe to new KaKao Games shares worth a total 140 billion won, the filing showed.

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