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Mattel Acquires NetEase's Stake in Joint Venture for USD160M
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Toy manufacturer Mattel (MAT.US) announced that it will acquire the 50% stake held by its partner NetEase (NTES.US) (09999.HK) in a joint venture for USD159 million. The transaction is expected to close in the coming weeks. Established in 2018, the joint venture has launched four games based on Mattel's intellectual property, including the card games Uno and Skip-Bo. AAStocks Financial News |
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