Naver Strong in Acquisition of Global Web Novel Platform

Input 2021.01.21 09:39

NAVER(035420)The stock price is showing strong on the 21st of the news that it will acquire the world‘s largest web novel platform’Wattpad’.

As of 9:36 am on the day, Naver is recording 323,000 won, up 4.87% from the previous day.

The day before, Naver announced at the board meeting held on the 19th that it had decided to acquire Wattpad, the world‘s largest web novel platform. Naver will acquire 100% of Wattpad for about $600 million, and the acquisition process will be completed within the first half of this year.

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