Wall Street learned this week that Tencent will become the largest shareholder in Japan’s Marvelous Inc. The former is buying a 20% stake of the latter. The Japanese game maker announced that Tencent, through affiliate Image Frame Investment, will spend about 7 billion yen ($65 million) to buy stock in the company. Marvelous will sell … Continue reading “Tencent to Buy 20% Stake in Japan’s Marvelous Inc.”
