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Brief: WEBTOON Expands Global IP Business With Strategic Investment In RI Games Holdings

BRIEF-WEBTOON Expands Global IP Business With Strategic Investment In RI Games Holdings

- Webtoon Entertainment Inc WBTN.O:

  • WEBTOON EXPANDS GLOBAL IP BUSINESS WITH STRATEGIC INVESTMENT IN RI GAMES HOLDINGS INC.

  • WEBTOON ENTERTAINMENT - TO BUY 60% MAJORITY STAKE IN RI GAMES HOLDINGS

  • WEBTOON ENTERTAINMENT - TO BUY 60% OF RI GAMES HOLDINGS FOR $100 MILLION

  • WEBTOON ENTERTAINMENT - AGREEMENT INCLUDES PERFORMANCE-BASED PROVISIONS FOR REMAINING 40% STAKE

Source text: ID:nBw7J2Xlha

Further company coverage: WBTN.O


((Reuters.Briefs@thomsonreuters.com;))

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