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Tencent & Four Other Investors Bring $131.6M to Kakao's Coffers

Kakao has received a huge influx of investment dollars thanks to five companies providing over $130M in revenue. Subsidiaries of Tencent will contribute 50B Won each as will South Korea's Netmarble. Actozsoft will provide an additional 20B Won, Bluehole Studio and Premier Growth-M&A PEF will each add 10B Won bringing the sum total to  140B Won or $135.6M USD.

This is an interesting investment by both Tencent and Bluehole as the pair have been working with Kakao to bring PlayerUnknown's Battlegrounds to China where the former is the largest games publisher in the country. In addition, Kakao is hoping to publish Actozsoft's "Dragon Nest" in Q1 2018.

Source: The Investor & GamesIndustry.biz

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom