South Korea's biggest web company acquires Wattpad for $600 million

Retrieved on: 2024-03-10 19:42:55

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Naver Corporation

Wattpad

Webtoon

Allen Lau

Naver

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South Korea's biggest web company acquires Wattpad for $600 million. View article details on hiswai:

Summary

Naver Corporation's acquisition of Wattpad will merge Webtoon and Wattpad into a connected ecosystem, leveraging learning technologies and an innovative monetization model to foster growth within a vast user base. Wattpad will continue under founders like Allen Lau.

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