NAVER officially announced that it will acquire 100% of Dunamu's equity through a share swap.

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Mars Finance reports that NAVER Financial will acquire 100% of the equity of Upbit cryptocurrency exchange operator Dunamu through a share swap, making it a wholly-owned subsidiary. According to the public announcement, the share swap price is 439,252 KRW per share for Dunamu and 172,780 KRW per share for NAVER Financial, with a swap ratio of 1:2.54. NAVER stated that through the acquisition of Dunamu, NAVER Financial aims to gain future growth momentum based on digital assets. The company stated that after the transaction, both companies will continue their existing business operations, while ensuring future growth momentum through functional organic cooperation, and will review various restructuring options to improve operational efficiency and shareholder value.

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