Nico Nico Operator Dwango And Kadokawa Invest In Each Other [Video Services]

Major Japanese publisher Kadokawa and Nico Nico Douga operator Dwango are deepening a business alliance they entered in October 2010. The two companies have announced a capital alliance under which Kadokawa acquired 16,800 shares (8.48%) of Dwango for US$37.1 million.

At the same time, Dwango acquired 730,000 shares (2.68%) of Kadokawa for US$21.1 million.

Kadokawa will continue to use Nico Nico Douga as a platform to distribute their content, for example electronic books via Nico Nico (which currently boasts over 21 million members in Japan).

----------------------
By Serkan Toto. Connect with me -> Profile & Services I Email I Twitter I LinkedIn I Google+ I RSS I Email Subscription
----------------------