Wattpad, the storytelling platform, is selling to South Korea’s Naver for $600 million

Wattpad, a 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired 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 16-year-old publishing portal Webtoon, which Naver launched in 2004, brought to […]
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