Live Breaking News & Updates on Globe telecom kickstart ventures

Stay informed with the latest breaking news from Globe telecom kickstart ventures on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Globe telecom kickstart ventures and stay connected to the pulse of your community

S Korea's Naver to acquire Canadian entertainment company Wattpad for $600m

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 want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Canada , South-korea , South-korean , Jun-koo-kim , Allen-lau , Ivan-yuen , Naver-corp , Tencent-holdings , Peterson-group , Globe-telecom-kickstart-ventures , Jun-koo , Globe-telecom

Wattpad to Be Acquired for $600 Million by Parent Company of Webtoon

Wattpad to Be Acquired for $600 Million by Parent Company of Webtoon
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

Germany , Seoul , Soult-ukpyolsi , South-korea , Canada , Toronto , Ontario , Brazil , Seong-sook-han , Wattpad-lau , Allen-lau , Ivan-yuen

Wattpad Storytelling App Sold for $600 Million to South Korean Firm Naver

Wattpad Storytelling App Sold for $600 Million to South Korean Firm Naver
Etan Vlessing
The Canadian storytelling app Wattpad has unveiled a deal to be acquired by Naver, the South Korean Internet conglomerate and home of Webtoon, the global digital comics platform as part of a cash and stock deal valued at $600 million.
The acquisition, when completed, will combine Wattpad and Webtoon into a platform with a joint global monthly audience of 160 million users. Wattpad will remain headquartered in Toronto under the leadership of co-founders Allen Lau and Ivan Yuen, and its board of directors offered its approval for the friendly takeover by publicly-listed Naver.

China , Huayi , Shanghai , Canada , South-korea , Toronto , Ontario , South-korean , Chinese , Canadian , Seong-sook-han , Rachel-smythe

Wattpad, the storytelling platform, is selling to South Korea's Naver for $600 million – TechCrunch

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.

Tokyo , Japan , United-states , Indonesia , Canada , South-korea , Toronto , Ontario , Indonesian , South-korean , Korea , Jun-koo-kim

Realscreen » Archive » Korean internet conglomerate Naver to acquire Wattpad for US$600M

Korean internet conglomerate Naver to acquire Wattpad for US$600M
The deal brings Wattpad under the same umbrella as the digital comic publisher Webtoon, with the platforms boasting a combined user base of around 160 million. (Wattpad co-founder Allen Lau pictured.)
January 20, 2021
South Korean internet conglomerate Naver, the parent company of digital comic platform Webtoon, is to acquire Wattpad in a cash-and-stock transaction valued at more than US$600 million.
The acquisition brings together two entities with vast user engagement – Wattpad has a global community of around 90 million users, while Webtoon claims around 72 million monthly active users – with the goal of collaborating to “create a stronger and connected ecosystem across visual and textual storytelling content,” said press release announcing the deal.

United-states , Canada , South-korea , Toronto , Ontario , South-korean , America , American , Korea , Canadian , Jun-koo-kim , Wilson-sonsini-goodrich-rosati