Yahoo Japan parent-backed fund to become top shareholder of Kakao Games

Kakao Games said Wednesday that a fund backed by Japan’s LY Corp. will become its largest shareholder, in a deal that marks a major ownership shift aimed at accelerating global expansion. The company said LAAA Investment — a private equity fund established by LY Corp., the Japanese tech firm formed through the merger of Line and Yahoo Japan in 2023 — will acquire part of the stake held by Kakao, previously the largest shareholder with a 37.6 percent stake. The size of the stake sale was not disc

By The Korea Herald