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Kakao Entertainment continues to expand with strategic acquisitions in S. Korea and overseas

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Radish Fiction App Acquired by Korea's Kakao for $440 Million

Korea s Kakao Buys Radish, Tapas Storytelling Apps for $950 Million
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UPDATED: Serialized fiction app Radish is being acquired by Kakao Entertainment, the entertainment arm of Korean internet giant Kakao, in a transaction valued at $440 million. In addition, Kakao Entertainment said it is buying Tapas Media, which says it has more than 3 million readers of its short-form online mobile content, for $510 million.
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“Tapas and Radish are two amazingly powerful storytelling platforms, and we welcome them into the Kakao Entertainment family with open arms as we rapidly ramp up our global operations,” Jinsoo Lee, CEO of Kakao Entertainment, said Tuesday in a statement Tuesday announcing the deals. “The partnership with Tapas and our webtoon IPs has already borne fruit and given us even more confidence in the North American marketplace. Radish gives us the platform to publish our web novels for the f ....

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Launch of KAKAO ENTERTAINMENT through strategic merger of Kakao Page and Kakao M

Launch of KAKAO ENTERTAINMENT through strategic merger of Kakao Page and Kakao M
-On 1/25, BoDs of Kakao Page and Kakao M resolved to merge two companies into KAKAO ENTERTAINMENT
-KAKAO ENTERTAINMENT will have an unparalleled value chain which compromises of 50 subsidiaries and affiliates across all verticals of the entertainment industry
-The synergy of combined assets will set the ground for KAKAO ENTERTAINMENT s global expansion
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SEOUL, South Korea, Jan. 25, 2021 /PRNewswire/ The Board of Directors of Kakao Page Corp. (hereafter Kakao Page) and Kakao M Corp. (hereafter Kakao M) announced today that they resolved to merge the two companies into a new entity called KAKAO ENTERTAINMENT. The two companies will hold a general shareholders meeting on January 26 and expect to complete the merger on March 1, 2021. ....

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Comic Platform Market to Witness Excellent Growth : Naver, Kakao Page, Amazon - Press Release

This press release was orginally distributed by SBWire
Edison, NJ (SBWIRE) 12/30/2020 A new business intelligence report released by AMA Research with title Global Comic Platform Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is designed covering micro level of analysis by manufacturers and key business segments. The Global Comic Platform Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing.
Major Players in This Report Include
Naver Corporation (South Korea), Kakao Page Corp (South Korea), Amazon (United States), Toomics (South Korea), Marvel Entertainment (United States), DC Comics (United States), Hitotsubashi Group (Japan), Elf quest (United States), CONtv (United States), Bilibili Manga (China), D ....

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