0
0
Naver Financial, the financial services division of South Korea’s tech behemoth Naver, said it is planning on buying Dunamu in a deal that likely won’t see any cash exchange hands. Dunamu is the technology company that operates Upbit, the largest cryptocurrency exchange in the country.
Citing regulatory filings, TradingView reported that Naver Financial is looking to pay 15.1 trillion won ($10.3 billion) for the acquisition, with a stock-swap. To finalize the deal, Naver Financial will issue 87.56 million new shares and give them to current Dunamu shareholders.
That way, Dunamu will become a wholly o…
Read The Full Article Naver to Acquire Upbit Operator Dunamu in $10.3 Billion Stock Swap On Coin Edition.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
