Webtoon Acquires Majority Stake in Korean Game Studio
Webtoon Entertainment is acquiring a 60 percent stake in Korean game developer RI Games Holdings for approximately $100 million, signaling a deeper push into games and animation.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (24/100)Sources
Webtoon Buys $100 Million Game Studio Stake to Expand Reach
Webtoon Entertainment Inc. is buying a majority stake in a Korean gaming studio for about $100 million, in its latest push to expand a content portfolio that includes web comics, anime and gaming.
By Sohee Kim
Read full article →Webtoon buys majority stake in Korean game studio
Webtoon Entertainment is acquiring a 60 percent stake in Korean game developer RI Games Holdings for about $100 million, the company said Tuesday, deepening its push into games and animation as core growth shows signs of slowing. RI Games, founded in 2022 by Kevin Tail Han, operates GrayGames and Offbeat, the two studios that will handle the development of new titles. Under the deal, the companies plan to roll out a slate of games over the next four years, drawing on popular series such as "Over
By The Korea Herald
Read full article →
