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.
Location
United States
Transaction Type
Buyout

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