Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-and-stock deal. Naver plans to incorporate at least part of the business into another of its holdings, the publishing platform Webtoon, which Naver launched in 2004, brought to the U.S.

BING NEWS:
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    Billboard signed a strategic partnership with Kakao Entertainment on Thursday, the first official collaboration between a K-pop company and the U.S. music giant. The deal came ahead of Billboard Korea ...
    04/17/2024 - 9:08 pm | View Link
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