When South Korean tech giant Naver paid $600 million for storytelling app Wattpad on Jan. 19, the companies pointed to global expansion as a rationale for the deal.
20.01.2021 - 03:21 / deadline.com
Wattpad has been acquired by the Naver, the South Korean Internet Conglomerate which is also home to the digital comics platform Webtoon.
The Board of Directors of Wattpad announced today that it unanimously approved a definitive agreement to be acquired by Naver. Naver is expected to acquire the storytelling platform in a cash and stock transaction valued at more than an estimated USD $600 million, subject to customary adjustments and other terms.
The acquisition will allow Wattpad to continue to
When South Korean tech giant Naver paid $600 million for storytelling app Wattpad on Jan. 19, the companies pointed to global expansion as a rationale for the deal.
Guy Lodge Film CriticFor the past two years, the Oscar race for international feature hasn’t been a race at all. With Mexico’s “Roma” and South Korea’s “Parasite” heavyweight contenders for best picture, the lower-profile award became a done deal.
has died. The South Korean actress was found dead on Saturday in Seoul.
South Korean actress Song Yoo-jung was found dead on Saturday in Seoul. She was 26.
South Korean actress and model Song Yoo-jung died on Saturday, January 23. She was 26.
South Korean star Song Yoo-jung has sadly died at the young age of 26.
confirmed to Newsweek. “Actress Song Yoo Jung departed this life on January 23, 2021. In accordance with the wishes of her family, the funeral was held quietly and the funeral procession takes place on January 25,” the agency wrote in the statement, according to the outlet.
Song Yoo-jung, a South Korean actress best known for TV series Golden Rainbow and web series Dear My Name, died in Seoul Saturday, Jan. 23. She was 26, and although no cause has been disclosed Song’s passing follows a series youthful deaths by suicide that have shaken the industry there.
Make a Wish died on 23 January. The cause of her death has not yet been disclosed.
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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.
Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea’s then-president. In a much-anticipated retrial, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her close confidante to win government support for a 2015 merger between two Samsung affiliates.
Patrick Frater Asia Bureau ChiefSouth Korean distributor Pancinema has set a March release for “Minari,” the acclaimed Korean-language film by Lee Isaac Chung.