Korea's Kakao acquires VC-backed storytelling platform
Radish, a Korea and US-based mobile fiction platform, will be acquired by a unit of Kakao Corporation for $440 million. Its backers include SoftBank Ventures Asia and Kakao.
The company is being acquired alongside industry peer Tapas Media, which is based solely in the US. The Tapas deal is worth $510 million. Both deals are intended to help Kakao expand its original content...
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