Naver Stock Up 11% On Tie-Up Talks With Korean Crypto Exchange Giant Dunamu
Forbes·2025-09-25 08:35
Naver’s potential acquisition of Dunamu comes as cryptocurrency has made a comeback from a series of corporate collapses in 2022.SeongJoon Cho/BloombergNaver saw its shares surge 11.4% on Thursday following a filing from the South Korean internet giant that it’s in talks for a share swap with Dunamu, the operator of Upbit, the country’s largest crypto exchange.In the filing, Naver said its payment arm Naver Financial is in talks with Dunamu about a stock swap deal, as well as collaborations on stablecoins a ...