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Japan’s Nexon says invested $874 million in Hasbro, Bandai Namco and Konami – Nippon.com

TOKYO (Reuters) – Japanese gaming firm Nexon said on Monday it invested $874 million in 2020 in companies incl…

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TOKYO (Reuters) – Japanese gaming firm Nexon said on Monday it invested $874 million in 2020 in companies including Hasbro, Bandai Namco, Konami and Sega Sammy 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…

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