Nexon has invested $400m in film and television studio Agbo while responsible credit card provider Petal raised $140m in an Encore Bank and Cuna Mutual-backed round.

Funding Video game producer Nexon has paid $400m for a 38% stake in Agbo, the US-based film and television production studio formed by film directors Anthony and Joe Russo. Agbo has the option to raise a further $100m from Nexon, which will take board seats for chief strategy officer Nick van Dyk and Tim Connors,…

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