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Naver Shares Surge on Crypto Exchange Takeover Report: Bloomberg.com
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Heartspace News Desk
•Source: Bloomberg.com
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Key takeaways
- experienced a surge of up to 11% following reports that its fintech division is engaged in collaborative discussions with Dunamu Inc
- , the operator of South Korea's leading cryptocurrency exchange
- Both companies have acknowledged the ongoing talks regarding a potential partnership
Shares of Naver Corp. experienced a surge of up to 11% following reports that its fintech division is engaged in collaborative discussions with Dunamu Inc., the operator of South Korea's leading cryptocurrency exchange. Both companies have acknowledged the ongoing talks regarding a potential partnership.
In a regulatory filing, Naver confirmed that the discussions encompass various options, including a potential share swap. However, the company emphasized that no definitive agreement has been established. Dunamu echoed this sentiment, confirming that it is exploring collaborative opportunities with Naver, while also noting that no final decisions have been made.
Related Topics
NavercryptocurrencyfintechacquisitionSouth Korea
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