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Mattel buys NetEase’s stake in gaming JV for $159 mn
Mint Mumbai
|February 12, 2026
Mattel Inc. is buying its partner NetEase Inc.'s stake in a joint venture to accelerate growth of its mobile-gaming business.
The toy giant is paying $159 million for NetEase’s 50% interest in a deal expected to close in the next few weeks, Mattel said in a statement on Tuesday.
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