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Korean internet giant Naver moves closer to merger with crypto exchange heavyweight Upbit
Yahoo Finance· 2025-11-25 16:17
Naver, South Korea’s answer to Google, has moved closer to a deal that will see it snap up Upbit, the country’s biggest crypto exchange. Naver and its financial subsidiary Naver Financial plan to hold board meetings on November 26 to confirm a stock swap deal with Dumau, the Upbit operator. But the boards’ decisions appear to be a fait accompli, the South Korean news agency Yonhap reported, quoting anonymous sources close to the deal. And Naver founder and chair Lee Hae-jin is scheduled to “personally e ...