After Sony, Tencent increased its stake in Kadokawa Corporation to 7.97%
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Tencent increased its stake in Kadokawa Corporation in Japan to 7.97% through additional acquisitions. This increase of 1.11% in shares is seen as part of capital and business alliance activities. Tencent's cooperation with Kadokawa began in 2021, having invested 30 billion yen. This move comes after Sony increased its stake in Kadokawa to 10%, becoming its largest shareholder. Some Japanese netizens are calling for Sony to accelerate its acquisition to maintain the cultural dominance of the Japanese anime and gaming industry
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