South Korean game company Krafton to acquire Japan’s ADK for $516 million

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South Korean game company Krafton Inc said on Tuesday it had agreed to buy Japan’s advertising and animation group ADK for 75 billion yen ($516.21 million).

Krafton, the developer and publisher of the blockbuster game “PUBG: Battlegrounds”, said in a statement it would acquire ADK Holdings‘ parent company from Bain Capital Japan.

ADK, one of Japan’s top three comprehensive advertising groups, has participated in the production of more than 300 animations, Krafton said.

It has participated in animation production for IPs including Doraemon, Yu-Gi-Oh!…



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South Korean game company Krafton to acquire Japan’s ADK for $516 million


South Korean game company Krafton Inc said on Tuesday it had agreed to buy Japan’s advertising and animation group ADK for 75 billion yen ($516.21 million).

Krafton, the developer and publisher of the blockbuster game “PUBG: Battlegrounds”, said in a statement it would acquire ADK Holdings‘ parent company from Bain Capital Japan.

ADK, one of Japan’s top three comprehensive advertising groups, has participated in the production of more than 300 animations, Krafton said.

It has participated in animation production for IPs including Doraemon, Yu-Gi-Oh!…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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