South Korea's largest web portal, Naver, has agreed to acquire Dunamu, the operator of Upbit, the country's largest cryptocurrency exchange, in an all-stock deal valued at about $10.30 billion.
According to the deal plan disclosed in a regulatory filing on Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will complete the acquisition by issuing 2.54 new Naver shares for every Dunamu share it holds.
Naver agrees to buy Upbit parent Dunamu for about $10.30 billion
2025-11-26 15:27:52
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