KAKAO ENT. ACQUIRES U.S COMIC APPS TAPAS AND RADISH

Highlights –

• Kakao Ent. acquires U.S comic apps Tapas and Radish.
• Kakao Ent. acquired Tapas for $510 million, and Radish for $440 million.
• The acquisitions are to strengthen its webtoon and other online novel business.
• Naver Corp. recently acquired Canadian entertainment platform operator Wattpad Corp.

On Tuesday, Kakao Corp.’s entertainment unit,....