Games & Commerce
KakaoGames\' largest shareholder to change to LineYahoo, Kakao to become second-largest
KakaoGames said on Tuesday it will seek strategic investment and restructure its shareholding to strengthen future growth engines and target global markets. The transaction includes LAAA Investment, an investment vehicle funded by LY Corp (LineYahoo). LAAA will buy part of Kakao\'s stake and take part in KakaoGames\' issuance of new shares and convertible bonds. Once completed in May, LAAA will become the largest shareholder and Kakao the second-largest.
