Tencent, KKR To Purchase Minority Stake Worth $175M In Philippine Fintech Firm Voyager Innovations

Chinese internet giant Tencent Holdings Limited and global investment firm KKR & Co Inc are acquiring a minority stake in the financial technology arm of Philippines’ PLDT Inc, Voyager Innovations, for a total of US$175 million-worth new shares. The deal, expected to complete all transaction within the fourth quarter of 2018, is the largest investment to date in a Philippine technology company, said PLDT in a statement on Thursday. The parent company will retain a majority stake in Voyager Innovations. Upon the …

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