Kakao Entertainment Acquires Additional $374.1 Million Shares in U.S. Subsidiary
[Asia Economy Reporter Junhyung Lee] Kakao announced on the 5th that its subsidiary Kakao Entertainment will additionally acquire 15,555,018 shares of TAPAS MEDIA, a North American webtoon content platform operating affiliate in the United States, for approximately 374.1 billion KRW.
After the acquisition, the shareholding ratio will be 100%. The scheduled date of stock acquisition is the 12th.
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Kakao stated the purpose of the stock acquisition as "to establish a foothold for strengthening entry into the English-speaking market."
This content was produced with the assistance of AI translation services.
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