Stay updated with breaking news from ஜூன் கூ கிம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We ....
Wattpad to Be Acquired by Webtoon’s Korean Parent Company in $600 Million-Plus Deal Tech giant Naver to buy the social storytelling platform in a cash and stock transactionBeatrice Verhoeven | January 19, 2021 @ 4:26 PM Last Updated: January 19, 2021 @ 4:53 PM Social storytelling platform Wattpad is being acquired by Webtoon’s Korean parent company Naver in a cash and stock transaction valued at more than $600 million, it was announced on Tuesday. Webtoon and Wattpad will collaborate to create stronger storytelling content with a combined user base of over 160 million monthly users. “Wattpad joining Webtoon under the Naver umbrella will be a big step towards us becoming a leading global multimedia entertainment company,” Naver Webtoon founder and CEO Jun Koo Kim said in a statement. “Both Wattpad and Webtoon care most about helping creators tell their story their way, and both represent world-leading collections of inspired, imaginative ....
WEBTOON parent NAVER announces approval of agreement to acquire Wattpad News provided by Share this article Leading social storytelling platform Wattpad aligns with WEBTOON, leading global digital comics platform LOS ANGELES, Jan. 19, 2021 /PRNewswire/ The Board of Directors of WEBTOON™ s parent company, NAVER, announced today that it has approved a definitive agreement to acquire leading social storytelling platform, Wattpad, in a cash and stock transaction valued at more than an estimated USD 600 million. With the backing of Korean technology giant, NAVER, WEBTOON and Wattpad will collaborate to create a stronger and connected ecosystem across visual and textual storytelling content, with a combined reader base of over 160 million monthly users globally. WEBTOON s innovative monetization model and Wattpad s massive library of diverse stories will provide each prospective affiliate with new levers for growth, creating a stronger foundation to fund an a ....
Wattpad, the storytelling platform, is selling to South Korea’s Naver for $600 million Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal. Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver launched in 2004, brought to the U.S. in 2014, and that features thousands of comic strips created by its users. It also has a huge audience. According to Naver, Webtoon was averaging more than 67 million monthly users as of last August. ....