Search results for LAAA Investment
Games & Commerce
Naver, Kakao draw attention with different AI strategies
Naver and Kakao are sharpening their artificial intelligence strategies this year, drawing attention for their different approaches. Naver is pursuing an “expansive internalisation” strategy by embedding AI across businesses such as search, commerce, fintech, cloud and robots. Kakao is concentrating AI within its single platform, KakaoTalk, after two years of restructuring that reduced affiliates. Both are tying AI initiatives to revenue models such as advertising, commerce and subscriptions.
Games & Commerce
Kakao Games holds meeting after change in largest shareholder; Han Sang-woo says current setup stays, new titles top priority
Kakao Games held its regular shareholders meeting shortly after disclosing a change in its largest shareholder to LAAA Investment under LY Corp (Line Yahoo). Shareholders approved all agenda items as proposed, including reappointing CEO Han Sang-woo, and cut the directors’ pay cap. Han said details on cooperation with LY would be discussed further and stressed that this year’s priority was launching new titles without major organisational changes.
Games & Commerce
Kakao Games to come under Line Yahoo\'s umbrella; three parties\' calculations
LY Corp (Line Yahoo) is set to take control of Kakao Games through its investment vehicle LAAA Investment, in a deal valued at about 300 billion won and targeted for completion in May. LAAA will buy existing shares and acquire new shares and convertible bonds, making it the largest shareholder while Kakao becomes No. 2. The deal is intertwined with Line Games\' financial strain, Kakao\'s group reshuffle and variables linked to a Lionheart Studio IPO.
