[Naver Agrees to Acquire Upbit Parent Company Dunamu in an All-Stock Deal Valued at Approximately $10.3 Billion] South Korea's largest portal site, Naver Corporation, has agreed to acquire Dunamu, the operator of South Korea's largest cryptocurrency exchange platform Upbit, through an all-stock transaction valued at approximately $10.3 billion. According to regulatory filings, Naver's fintech subsidiary, Naver Financial Corp., will complete the acquisition by issuing 2.54 new Naver shares for every 1 Dunamu share held.
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