Razer has paid $19.9m for a 19.9% stake in MOL Global as part of a deal that will make MOL a master distributor of its virtual currency.
Gaming product manufacturer Razer acquired a 19.9% stake in Malaysia-based online payment services provider MOL Global on Tuesday at a $100m valuation.
The stake was bought by a Razer subsidiary dubbed ZV-Midas from an existing MOL investor called Hotel Resort Enterprise and an investment vehicle known as MOL Investment.
Publicly listed MOL operates an online payment platform that allows users to pay for goods and services through either cash or digital payment methods.
The company also offers mobile payment services…
