Daily Archive: March 29, 2021

Nexon invests $874 million in Hasbro, Bandai Namco, Konami, and Sega Sammy

Nexon, the Tokyo-based maker of Maplestory and different on-line video games, has invested $874 million in Hasbro, Bandai Namco, Konami, and Sega Sammy.

Nexon mentioned it has made an unrealized acquire of $279 million on the long-term investments, but it surely has no intention of buying the businesses or making activist shareholder proposals with the investments.

Nexon made different investments as nicely, however the quantities didn’t meet the corporate’s threshold for disclosure.

In 2020, Nexon’s board licensed as much as $1.5 billion for funding in leisure firms that show the flexibility to develop and maintain sturdy globally acknowledged mental property.

Read More

Singular is a brand new Paris-based VC agency with $265 million – TechCrunch

Meet Singular, a brand new VC agency primarily based in Paris that simply completed elevating its preliminary fund. The agency was based by two former Alven companions — Raffi Kamber and Jérémy Uzan. They’ve some bold objectives and an attention-grabbing funding mannequin that might assist them stay concerned even throughout late-stage rounds. General, the agency raised €225 million, or $265 million at at the moment’s change charge.

If you happen to browse Singular’s web site, you’re not going to search out numerous info. Right here’s what it at the moment seems like:

Picture Credit: Singular

The Singular group doesn’t need

Read More