LINE Corporation has reached a basic agreement for the establishment of 50:50 joint venture (JV) with Longtu Korea Inc. to develop and distribute smartphone games in Hong Kong. Under the terms of the agreement, the JV, Lantu Games Limited, will develop new titles and help with joint publishing of LINE and LongTu-owned games for the respective markets of both companies. The JV will have a tentative capital of $20 million.
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- LINE Corporation to Form 50: 50 Joint Venture with Longtu Korea