Games & Commerce
Kakao Games restarts M&A with Metoon acquisition
Kakao Games, which has been selling non-core affiliates and stakes, has put mergers and acquisitions back at the centre of its growth strategy under new management. The company decided on Sept. 15 to spend about 98 billion won to acquire 39.56% of Metoon through a combination of secondary share purchases and a third-party share issue. Kakao Games will become Metoon’s largest shareholder and gain management control once the deal closes. It has also signalled further investment.
