Wattpad Board of Directors Approves Agreement to be Acquired by Naver, the South Korean Internet Conglomerate and Home of WEBTOON™, a Leading Global Digital Comics Platform
The Board of Directors of Wattpad, the global multi-platform entertainment company for original stories and leading social storytelling platform, today announced its unanimous approval of a definitive agreement to be acquired by Naver, South Koreas internet conglomerate and home of WEBTOON, a leading global digital comics platform.
- The Board of Directors of Wattpad, the global multi-platform entertainment company for original stories and leading social storytelling platform, today announced its unanimous approval of a definitive agreement to be acquired by Naver, South Koreas internet conglomerate and home of WEBTOON, a leading global digital comics platform.
- The move will align Wattpad, and its global community of more than 90 million people, with Navers WEBTOON, a leading digital comics publisher with an average of 72+ million monthly active users.
- WEBTOON is home to some of the biggest names in webcomics, including Lore Olympus, Rachel Smythe's Eisner Award-nominated series.
- Naver operates Koreas No.1 search engine and largest e-commerce platform, and is a leading provider of fintech services, digital content and cloud services to a global community.