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Nvidia to pay $1 billion in Naver equity investment on Nov. 6, set to become third-largest shareholder

Nvidia will pay $1 billion on Nov. 6 for a strategic equity investment in Naver, the company said. After completion, Nvidia is expected to hold about 4.54% of Naver, becoming its third-largest shareholder after the National Pension Service and BlackRock. Naver moved the payment date for the third-party allotment rights offering to Nov. 6 and shifted the listing date of new shares to Nov. 27.

Games & Commerce

Naver signs $9 billion AI infrastructure deal with Brookfield, meets Nvidia investment condition

Naver signed a contract with alternative investment firm Brookfield to secure up to $9 billion of AI computing infrastructure. The deal meets a prerequisite for Nvidia’s planned $1 billion strategic equity investment in Naver, enabling the payment process to proceed. Brookfield plans to form a special purpose vehicle, Asset Co., to invest in GPUs and data centres. Naver Cloud will operate services using resources supplied by the vehicle. Naver plans to start 55 MW operations in early 2027 and expand to 200 MW by 2028.

Games & Commerce

Nvidia\'s 1.5 trillion won investment nears, putting Naver AI Factory to test

Naver\'s AI Factory project is facing a key test as Nvidia prepares to pay in an equity investment of about 1.5 trillion won. Naver must first meet conditions including securing at least $9 billion in computing infrastructure, with Brookfield lined up for potential financing. Naver plans to start operations at its Sejong hyperscale data centre in the first half of 2027 and expand capacity. The next hurdle is signing customer contracts to generate revenue.