Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal
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KDDI, a major Japanese telecom firm, is set to acquire a 14.9% stake in Coincheck Group for $65 million, with the deal expected to finalize in June. The companies have established a business alliance focused on revenue sharing and customer referrals to enhance crypto access in Japan. Additionally, KDDI will have the right to nominate one non-executive director to Coincheck's board, supporting its Web3 and metaverse initiatives.
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