Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal

CoinDesk Staff

(03:11 PM UTC)

1 min read

The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan.

KDDI, one of Japan’s largest telecom companies, is set to hold a 14.9% stake in local crypto exchange operator Coincheck Group (CNCK) after agreeing to a $65 million deal.

The telecom giant will subscribe for 28.5 million newly issued Coincheck Group shares at $2.28…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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