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Korea's Kakao Buys Radish, Tapas Storytelling Apps for $950 Million Todd Spangler, provided by FacebookTwitterEmail 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...

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 Entertai...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Kakao Entertainment Acquires Tapas and Radish Media, Two Leading U.S.-based storytelling platforms May 11, 2021 GMT Kakao Entertainment Acquires Tapas and Radish Media SEOUL, South Korea, May 11, 2021 /PRNewswire/ -- Kakao Entertainment signed definitive agreements on May 7 to acquire two storytelling platforms based in the U.S., Tapas Media, Inc. (hereafter Tapas) and Radish Media, Inc. (hereafter Radish). The acquisitions pave the way for Kakao Entertainment to expand its original content business in...