True, Line, Kona establish private equity fund for gaming investments

Tuesday 19 March 2019 | 10:30 CET | News
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Thai operator True announced that its subsidiary True Incube has jointly invested with Kona Venture Partners to set up True-Kona Cayman, taking a 50 percent stake in the fund. True Incube has also jointly invested with Korea Venture Investment, Line and True-Kona to form a private equity fund headquartered in the Cayman Islands, namely Line Games-True-Kona Global Limited Partnership. True Incube has made an investment of USD 5.90 million (approximately THB 187 million), representing 26 percent equity stake in this fund.

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Categories: Mobile & Wireless
Companies: Line / TRUE
Countries: Thailand / World
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