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Bloomberg: Naver agrees to an acquisition of CEX's parent company Dunamu for approximately $10.3 billion.
On November 26, according to Bloomberg, South Korea's largest portal site Naver Corporation agreed to acquire Dunamu Corporation - the operator of South Korea's largest Crypto Assets trading platform CEX - through an all-stock transaction, with a deal valuation of approximately $10.3 billion. According to the transaction plan disclosed through regulatory documents on Wednesday, Naver's fintech subsidiary Naver Financial Corp. will complete the acquisition by issuing 2.54 shares of new Naver stock for each share of Dunamu stock held.