Morgan Stanley & Co International Plc, Investment Arm acquired an additional 1.94% stake in AfreecaTV Co., Ltd..
January 10, 2017
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Morgan Stanley & Co International Plc, Investment Arm acquired an additional 1.94% stake in AfreecaTV Co., Ltd. (KOSDAQ:A067160) on January 10, 2017. As per the the terms of agreement Morgan Stanley & Co International Plc, Investment Arm acquired 0.2 million shares and currently owns 9.2% stake in AfreecaTV Co., Ltd. (KOSDAQ:A067160).
Morgan Stanley & Co International Plc, Investment Arm completed acquisition of an additional 1.94% stake in AfreecaTV Co., Ltd. (KOSDAQ:A067160) on January 10, 2017.
Soop Co Ltd, formerly AfreecaTV Co Ltd, is a Korea-based company principally engaged in the provision of one person media platform services. The Company provides functional items such as donation economy gifts such as star balloons and subscriptions, and paid item products such as quick view and gold through the platforms. In addition, the Company uses AfreecaTV's platform and infrastructure to provide advertisements by providing content that fits the marketing concept of advertisers. The Company also operates multi-platforms such as open studios.