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Gaming Archives - AlleyWatch

Gaming Archives - AlleyWatch
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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Konvoy Ventures Archives - AlleyWatch

Konvoy Ventures Archives - AlleyWatch
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Wattpad to Be Acquired for $600 Million by Parent Company of Webtoon

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

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