Tencent, Weiying To Invest $85M In Korea’s YG Entertainment

entertainmentChina's Tencent Holding Ltd. and its online ticketing arm Weiying Technology has agreed to make a US$85 million strategic investment in Korean entertainment firm YG Entertainment, according to a company announcement. YG Entertainment plans to issue new common shares amounting to US$55 million to a wholly owned subsidiary of Tencent and Fengying. At the same […]


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