Naver-owned LINE Corporation's games business snags $110m

Naver-owned LINE Corporation's games business snags $110m

A woman walks past the logo of Line Corp at the company's headquarters in Tokyo, Japan June 2, 2016. REUTERS/Toru Hanai/File Photo

LINE Games, a subsidiary of Tokyo-listed LINE Corporation, has raised KRW125 billion ($110 million) from Hong Kong-based investment firm Anchor Equity Partners’ Lungo Entertainment unit via a third-party allotment.

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