Kakao Games Acquires 30% Stake in Lionheart Studio for 450 Billion KRW
[Asia Economy Reporter Minwoo Lee] Kakao Games announced on the 1st that it has decided to acquire a 30.37% stake (225,260 shares) in Lionheart Studio, the developer of "Odin: Valhalla Rising," for 450 billion KRW through its European subsidiary, "Kakao Games Europe."
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Kakao Games will invest 450 billion KRW in its European subsidiary, which will then own 30.37% of Lionheart Studio. As a result, Kakao Games will secure a total of 51.95% of Lionheart Studio, adding to its existing 21.58% stake.
This content was produced with the assistance of AI translation services.
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