Naver Funds Merge of Wattpad and WEBTOON Studio Divisions to Form Wattpad WEBTOON Studios

NAVER to Acquire Wattpad for Cash and Stock Valued at Over $600 Million

January 19, 2021

Media & Entertainment

NAVER, the South Korean internet conglomerate and home of WEBTOON, announced that it has a definitive agreement to acquire Wattpad in a cash-and-stock transaction valued at more than an estimated USD $600 million. The acquisition is expected to close in Q2 2021, subject to regulatory approvals and customary closing conditions, and Wattpad will remain headquartered in Canada under the continued leadership of its founders.

Terapin Studios (NPX Capital) Acquires Toomics for $160M

July 20, 2022

Media & Entertainment

NPX Capital’s portfolio company Terapin Studios has acquired South Korean webtoon platform Toomics for $160 million. The deal adds Toomics’s more than 60 million subscribers and IP library to Terapin’s global content platform, strengthening production, distribution and AI-driven content capabilities for cross-media expansion.

Kakao Entertainment Acquires Tapas Media and Radish Media

May 7, 2021

Media & Entertainment

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.

Naver to Acquire Poshmark

October 3, 2022

E-Commerce

Naver Corp. has entered into a definitive agreement to acquire Poshmark, paying $17.90 per share in cash for an enterprise value of approximately $1.2 billion. The deal is expected to close in the first quarter of 2023, subject to stockholder approval and customary closing conditions.

Atwater Capital Invests in Wiip

March 26, 2020

Media & Entertainment

Atwater Capital has made a growth investment in Wiip, the independent US television studio led by Paul Lee, for an undisclosed amount. The funding will support Wiip’s continued growth, creative slate development and international expansion, and Atwater will have advisory representation on Wiip’s board.

Yanolja Platform and Interpark Triple Merge to Launch Nol Universe

January 21, 2025

Restaurants & Hospitality

Yanolja Platform and Interpark Triple have merged to form a new integrated corporation, Nol Universe, headquartered in Pangyo, Gyeonggi Province, South Korea. The combined company will operate a comprehensive B2C travel and leisure platform—covering flights, accommodations, package tours, tickets, entertainment and everyday experiences—leveraging extensive data and AI-driven personalization to expand domestic and international reach.