South Korea s Kakao to buy two U S storytelling apps for $950 million reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
South Korea s Kakao Entertainment to acquire serial fiction app Radish for $440 million Reuters 1 day ago
By Joyce Lee
SEOUL (Reuters) - Kakao Entertainment Corp, the online comic, talent agency and movie-making unit of South Korean tech giant Kakao Corp, is acquiring New York and Seoul-based serialized fiction app Radish for $440 million, Radish said in a statement.
The purchase will make Kakao the latest South Korean entertainment firm to expand in North America through acquisitions as Korean entertainment s global reach widens.
Kakao Entertainment has seen success with its online-based web cartoons or “webtoons” at home and in Japan, with Kakao-backed Piccoma becoming one of Japan s highest-grossing mobile apps outside games.
South Korea s Kakao Entertainment to acquire serial fiction app Radish for US$440 million channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
TechnologyS.Korea s Kakao to buy two U.S. storytelling apps for $950 mln
Joyce Lee
3 minute read
South Korea s Kakao Entertainment Corp said on Tuesday it was acquiring U.S.-based online comic app Tapas and serialized fiction app Radish for $510 million and $440 million, respectively.
The purchase will make Kakao, the online comic, talent agency and movie-making unit of South Korean tech giant Kakao Corp (035720.KS), the latest South Korean entertainment firm to expand in North America as Korean entertainment s global reach widens. We are planning to engage the North American market in earnest through the intellectual property (IP) business through the acquisitions, Kakao Entertainment Chief Executive Officer Jinsoo Lee told Reuters.