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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
Todd Spangler, provided by
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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.
More from Variety
“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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Serial fiction app Radish acquired by Kakao Entertainment for $440M – TechCrunch


Serial fiction app Radish acquired by Kakao Entertainment for $440M
Serialized fiction app Radish will be acquired by Kakao Entertainment in a transaction valued at $440 million. Kakao Entertainment is owned by Kakao, the South Korean internet giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will hold onto his role as its chief executive officer, while also becoming Kakao Entertainment’s global strategy officer to lead its growth in international markets.
Radish claims millions of users in North America, and the acquisition will help Kakao Entertainment expand its own webtoons and web novel business there, and in other English-speaking markets. Radish will retain management autonomy and continue operating as its own brand. ....

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