Reuters reported that Japan’s Kadokawa Group today reached a capital business alliance agreement with Tencent, which can increase Kadokawa’s capital by 29.9 billion yen.
Kadokawa will issue new shares through a third-party allotment, all underwritten by subsidiaries indirectly owned by Tencent’s core company. Tencent will hold 6.89% of the shares and become Japan’s Kadokawa’s third largest shareholder.
The Kadokawa Group of Japan is an enterprise group that manages publishing, video, and online media content. It is also the largest mountain in the Japanese animation industry, and it also has a branch in Taiwan, mastering many light novels, comics, e-book platforms and other content.
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