South Korean company Naver acquires eBook Japan
Naver Corporation, Korea’s largest information technology company, has announced that it has acquired eBook Initiative Japan, GlobalLegalChronicle reported. Naver is expected to inject US $ 144.5 million for the transaction. The deal will give Naver access to more than 800,000 e-books offered by eBook Japan, most of which are manga. eBook Japan also boasts of having over 2,800 free manga on offer at all times.
As it stands, Naver already owns Webtoon, which has grown into the world’s largest online comics platform. Its acquisition of eBook Japan will allow it to further consolidate its position by being able to offer more manga titles. Meanwhile, the company also has a separate division named BookFan to deal with printed books. eBook Japan and BookFan work in active collaboration with Yahoo Japan
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