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S.Korea's Kakao to buy two U.S. storytelling apps for $950 mln


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SEOUL 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, the latest South Korean entertainment firm to expand in North America as Korean entertainment’s global reach widens.
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S.Korea s Kakao to buy two U.S. storytelling apps for $950 mln Back to video
“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. ....

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