Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal

The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan.\nWhat to know : KDDI, a major Japanese telecom firm, plans to acquire a 14.9% stake in Coincheck Group (CNCK) for $65 million, with the deal expected to close in June. The companies signed a business alliance for revenue sharing, referral fees, and customer referrals to expand crypto access in Japan. KDDI gains the right to nominate one non-executive director to Coincheck's board, aligning with its recent Web3 and metaverse initiatives.