Naver Acquires $204 Million Worth of Shares in US Webtoon Subsidiary
[Asia Economy Reporter Buaeri] Naver announced on the 29th that it will participate in a paid-in capital increase of its subsidiary 'Webtoon Entertainment,' which operates a webtoon business in the United States, acquiring 433,669 shares.
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The acquisition amount is 203.98878 billion KRW. After acquiring the shares, Naver's stake in Webtoon Entertainment will be 66.6%. The scheduled date for the share acquisition is May 11.
This content was produced with the assistance of AI translation services.
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