Kakao Entertainment Acquires Tapas Media and Radish Media
May 7, 2021
Kakao Entertainment signed definitive agreements to acquire U.S.-based storytelling platforms Tapas Media and Radish Media to expand its original content business in North America and other English-speaking markets. The transaction values Tapas at an estimated USD 510 million (100% stake) and Radish at an estimated USD 440 million, and keeps Tapas and Radish management in place while integrating them into Kakao's global content strategy.
- Buyers
- Kakao Entertainment Corp.
- Targets
- Tapas Media, Inc., Radish Media, Inc.
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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