Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea
Naver Corp. agreed to acquire Dunamu Inc., operator of South Korea's biggest crypto exchange Upbit, in an all-stock deal valued …
A Holdings Corp., a holding company owned equally by SoftBank and Naver, plans to sell down its stake in LY's ~$1B tender; LY operates Line messaging app
Mayumi Negishi / Bloomberg :
Diplomats and others fear a rift between SoftBank and Naver over the ownership of messaging app Line could put stress on ties between Japan and South Korea
SoftBank and Naver helped bridge geopolitical relations with a joint venture to own the operator of the messaging app Line, but now the partnership is fraying.
South Korea-based Naver signs a 2024 to 2029 deal with Saudi Arabia to build digital twins of Riyadh, Medina, Jeddah, Dammam, and Mecca, sources say for $100M+
Kim Na-young / Yonhap News Agency :
South Korean internet giant Naver plans to acquire Poshmark for $17.90/share, representing an enterprise value of ~$1.2B; Poshmark's stock jumps 10%+
Kathryn Hardison / Wall Street Journal :
South Korean search engine company Naver Corp. has acquired online self-publishing platform Wattpad for an estimated ~$600M
Wattpad, one of the last of the late 00s / early 2010 publishing startups finds an exit: https://betakit.com/... @betakit : Naver company is the country's largest online search engine, operating a mob...
Line and SoftBank's Yahoo Japan announce merger plan, aim to sign a deal by December 2019, and integrate the businesses by October 2020
SoftBank and Naver's venture to be Japan's largest online player — TOKYO — The operators of Yahoo sites in Japan and the Line chat app jointly announced …
Sources: SoftBank's Yahoo Japan is in talks about merging with Naver's Line, Japan's leading chat app, creating a SoftBank subsidiary with 100M+ users in Japan
Nikkei Asian Review :
Source: this summer Facebook tried to buy Snow, a Snapchat clone from Korean firm Naver, which is also behind chat app Line
Vine is Dead — Anyone remember Vine … Katie Collins / CNET : Facebook reportedly tried to buy Snow, a Snapchat-like app Tweets: Casey Newton / @caseynewton : @Techmeme you might say it flaked on the...