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Saudi and Singapore Wealth Funds Join $930 Million Pre-IPO Bet on Anime Giant

(Bloomberg) Kakao Entertainment Corp. has won $930 million from the sovereign wealth funds of Saudi Arabia and Singapore, securing one of the country’s largest financing rounds at a time global investors shy away from big startup bets.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThese Are the World’s Most (and Least) Liveable Cities in 2023Debris Found Near Titanic Wreck in Search for Missing VesselTitanic Sub Search Chases Mystery Noises as Air Runs LowA ....

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Saudi wealth fund joins $930m pre-IPO bet on Korean anime giant

Saudi Arabia has been beefing up investment and business ties with Korean companies, becoming a major shareholder of NCSoft Corp as well as Tokyo-listed Nexon Co ....

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Saudi and Singapore wealth funds join $930 million pre-IPO bet on anime giant

Kakao Entertainment will use the capital to expand its content ....

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Asia's gaming stocks plunge after China tightens rules for young video gamers | Taiwan News

Asia's gaming stocks plunge after China tightens rules for young video gamers | Taiwan News
taiwannews.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taiwannews.com.tw Daily Mail and Mail on Sunday newspapers.

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