
Neopulse, Kingnet form consortium to buy Wemade for 920 billion won
- —Neopulse is buying 39.33% of Wemade for 920 billion won, with its stake rising to 40.25%
- —A 92 billion won deposit has been paid, with the remaining 828 billion won due by Oct. 30
- —Kingnet, through Cyprus Technology HK, will get 49% of Neosphere for $298 million
- —Kingnet previously sued Wemade over "The Legend of Mir 2" IP, settling in February
Why it matters: A change of largest shareholder at blockchain gaming company Wemade (WEMIX) could accelerate its expansion in China and affect the WEMIX token.
Source: Digital Today
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