{"id":244948,"date":"2021-05-11T15:21:07","date_gmt":"2021-05-11T15:21:07","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=316968"},"modified":"2021-05-11T15:21:07","modified_gmt":"2021-05-11T15:21:07","slug":"kakao-entertainment-bets-950m-on-storytelling-apps","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/05\/11\/kakao-entertainment-bets-950m-on-storytelling-apps\/","title":{"rendered":"Kakao Entertainment bets $950M on storytelling apps"},"content":{"rendered":"

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\tSouth Korean content provider Kakao Entertainment agreed acquisitions of two US-based storytelling apps for nearly $1 billion to expand its reach across English-speaking regions.<\/p>\n

As part of the deal, Kakao Entertainment will take over short fiction stories provider Tapas for $510 million and serial fiction outfit Radish for $440 million, as it seeks to enhance its global digital comics and novel business.<\/p>\n

The acquisitions build upon earlier partnerships with the two app providers, which the company said provided it with confidence in the North American market.<\/p>\n

Kakao Entertainment CEO Jinsoo Lee explained the moves will help it \u201crapidly ramp\u201d its global operations, given the pair’s \u201cstrong North American foothold\u201d.<\/p>\n

Chang Kim, CEO of Tapas, and Radish chief Seungyoon Lee will retain day-to-day control of their businesses, while also becoming global strategy officers of Kakao Entertainment.<\/p>\n

Kakao Entertainment also detailed plans to expand into India and China later this year.<\/p>\n\n

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South Korean content provider Kakao Entertainment agreed acquisitions of two US-based storytelling apps for nearly …<\/p>\n

The post Kakao Entertainment bets $950M on storytelling apps<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Kakao Entertainment bets $950M on storytelling apps - ITTeacherITFreelance.hk","description":"South Korean content provider Kakao Entertainment agreed acquisitions of two US-based storytelling apps for nearly ... The post Kakao Entertainment bets $950M o"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/244948"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=244948"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/244948\/revisions"}],"predecessor-version":[{"id":244949,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/244948\/revisions\/244949"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=244948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=244948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=244948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}