Dream11 parent secures $225 mn in fresh funding

Dream11 parent secures $225 mn in fresh fundingThe funding, which is largely secondary in nature with a smaller primary component, is expected to result in the further reduction of Chinese gaming and social media giant Tencent Holdings’ stake in the company to single digits, sources told ET. The investment values Dream Sports at about $2.5 billion, said people with knowledge of the matter.

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