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Page 129

Tencent takes a step into Skydance

The China-based corporate has paid more than $100m for a 5% to 10% stake in the film and television producer as part of a partnership agreement.

Jan 29, 2018

Chernin puts another $15m on Barstool

Chernin acquired a 51% stake in anti-PC sports media brand Barstool Sports, which is now valued at $100m, in 2016.

Jan 29, 2018

Kuaishou gets on course to raise $1bn

The photo, video and livestreaming platform is readying a $1bn round led by Tencent that will value it at $18bn in advance of a flotation later this year.

Jan 25, 2018

Corporates deliver funding for Dely

Video recipe platform developer Dely has secured just over $30m from SoftBank, Akatsuki, United and Yahoo Japan, taking its total funding past $60m.

Jan 23, 2018

Qihoo 360 activates $156m fund

Qihoo 360 Technology has joined forces with Beijing Cultural Center Fund to launch an investment fund aimed at internet and culture-focused companies.

Jan 23, 2018

MTG outlines Trace exit

MTG had bought a 75% stake in Trace in 2014 in a deal that valued the media network operator at $54.4m.

Jan 22, 2018

Wattpad absorbs $51m

Tencent and Globe Telecom were among the investors in a round that reportedly values the publishing platform at almost $400m post-money.

Jan 18, 2018

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