CHINESE Company Tencent to Invest $264m in Kadokawa (Japanese Publisher)

CHINESE Company Tencent to Invest 264m in Kadokawa Japanese Publisher
Written by Theo J Ellis

Chinese internet company Tencent is about to become the 3rd biggest shareholder in KADOKAWA.

Kadokawa is a Japanese publisher involved in many of the biggest anime. You see them in a lot of credits.

The news was announced today (Friday).

 

Tweets:

 

To be exact, Tencent will be buying a 6.86% share in Kadokawa, almost 7%. Making it a large share relative to others.

QUOTE:

“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.

Kadokawa said in a stock exchange filing that a Hong Kong-based Tencent subsidiary called Sixjoy will buy 4.86 million shares for 6,170 yen per share, a 2.3% premium to its closing price on Friday. The transaction will take place between Nov. 15 and 26. “

Kadokawa says they’ll invest the money they receive from Tencent’s investments into content for March 2024.

This will also go into other things like producers, editors, and so on.

Let’s see how this affects and improves anime, Kadokawa, products their involved in, and more in the near future.

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