Naver's payment arm to acquire South Korean crypto exchange operator in $10 billion deal

SEOUL (Reuters) -Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of ​the country's largest cryptocurrency exchange Upbit, in an all-stock deal ‌valued at 15.13 trillion won ($10.27 billion). The payment platform said in a regulatory filing on ‌Wednesday that the deal, which is one of the largest in Asia this year, aims to secure future growth based on digital assets. Naver’s fintech subsidiary plans to issue 2.54 shares for every one share in the op ...