Naver Subsidiary Acquires Line Plus Shares for 445.4 Billion KRW
[Asia Economy Reporter Seungjin Lee] Naver (NAVER) announced on the 23rd that its subsidiary (LINE Split Preparation) will acquire 4,942,670 shares of its Korean mobile service affiliate Line Plus for approximately 445.4 billion KRW.
After the acquisition, the shareholding ratio will be 100%. The scheduled date for the stock acquisition is the 28th.
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Naver stated that the purpose of this stock acquisition is "to change the governance of the affiliate company."
This content was produced with the assistance of AI translation services.
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