Coincheck receives $65 million strategic investment from Japanese telecom giant KDDI
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According to ME News, on May 12 (UTC+8), Nasdaq-listed Coincheck Group announced a strategic investment and business cooperation agreement with Japanese telecommunications giant KDDI Corporation. KDDI will subscribe for 28,536,516 newly issued ordinary shares of Coincheck Group at a price of $2.28 per share, for a total transaction value of approximately $65 million. JPMorgan Chase served as financial advisor, and De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. The two companies will reportedly collaborate on expanding their presence in the digital asset market, including revenue sharing and referral reward mechanisms. (Source: ME)
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