Vision Fund leads $188m investment in Naver's metaverse
SoftBank Vision Fund 2 is the largest participant in a KRW223.6 billion ($187 million) investment in Naver Z, the metaverse platform unit of Korean internet giant Naver Corporation.
The company issued 28,624 new convertible redeemable preference shares – equivalent to a post-deal stake of 19.3% – for KRW7.8 million apiece, according to a filing. Vision Fund alone put in KRW175.2...
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