Kakao Entertainment Acquires Tapas and Radish Media, Two Leading U.S.-based storytelling platforms
b'SEOUL, South Korea, May 11, 2021 /PRNewswire/ -- Kakao Entertainment signed definitive agreements on May 7 to acquire two storytelling platforms based in the U.S., Tapas Media, Inc. (hereafter Tapas) and Radish Media, Inc. (hereafter Radish).
- b'SEOUL, South Korea, May 11, 2021 /PRNewswire/ -- Kakao Entertainment signed definitive agreements on May 7 to acquire two storytelling platforms based in the U.S., Tapas Media, Inc. (hereafter Tapas) and Radish Media, Inc. (hereafter Radish).
- Tapas is a pioneer of mobile storytelling platforms in the U.S., with a solid leadership in webtoons.
- With this transaction valued at an estimated USD 510 million, Kakao Entertainment obtains a 100% stake in Tapas.
- With solid backing from Radish\'s Board of Directors, Kakao Entertainment is set to extend an official tender offer within May.