Japan's Nexon says invested $874 mln in Hasbro, Bandai Namco and Konami (updated)
29/03/2021 01:39
(Adds gain on investments)
TOKYO, March 29 (Reuters) - Japanese gaming firm Nexon
3659.T said on Monday it invested $874 million in 2020 in
companies including Hasbro HAS.O , Bandai Namco 7832.T ,
Konami 9766.T and Sega Sammy 6460.T as part of a plan to
take stakes in entertainment companies.
The firm said in statement it recorded a $279 million
unrealised gain on the investments, part of a $1.5 billion pool
for such investments by Chief Executive Owen Mahoney in a bet on
users spending increasing amounts of time in virtual worlds.
(Reporting by Sam Nussey; Editing by Christian Schmollinger and
Kenneth Maxwell)
((sam.nussey@tr.com; https://twitter.com/SamNusseyRTRS;
+81345632760;))