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

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

June 24, 2021

Media & Entertainment

Naver is committing USD $100 million to finance the newly created Wattpad WEBTOON Studios, a merger of Wattpad Studios and WEBTOON Studios that combines both companies' IP libraries and audiences to develop TV, film and book adaptations. The new global studio, led by Aron Levitz as President, will unify entertainment development and production across WEBTOON and Wattpad's catalogs to scale IP-driven content worldwide.

Beanstack Acquires Comics Plus to Launch Joyful Reading Company

March 19, 2026

Education

Beanstack announced it has acquired Comics Plus to combine Beanstack’s reading motivation platform with Comics Plus’s digital comics and children’s library access into a new brand, Joyful Reading Company. The combined offering targets increased reading engagement for schools and libraries by pairing unlimited, simultaneous content access with motivation tools and future impact measurement.

Scaleworks Acquires Nextopia

February 4, 2021

Cloud & SaaS

Scaleworks, a San Antonio-based private equity firm, has acquired Nextopia, an e-commerce search, recommendations and personalization technology provider. The deal is being treated as an add-on to Scaleworks' portfolio (complementing SearchSpring), with SearchSpring CEO Peter Messana set to lead Nextopia and accelerate product innovation and go-to-market for e-commerce and DTC merchants.

Amplix (Gemspring Capital portfolio) Acquires Substantially All Assets of TNS Communications

November 7, 2023

IT Services

Amplix, a Gemspring Capital-backed technology advisory and services platform, has acquired substantially all assets of TNS Communications LLC, a New Hampshire-based technology advisor serving ~200 enterprise and SMB customers. The add-on expands Amplix’s managed services, connectivity and cloud-telephony capabilities and strengthens its presence in the New England market; terms were not disclosed.

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 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.