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South Korea's biggest web company acquires Wattpad for $600 million
Webtoon and Wattpad may soon be inextricably linked. Naver, the South Korean internet giant behind the Webtoon digital comics platform, will acquire Wattpad for a deal worth US$600 million in cash and stocks. Neither side has revealed what that means exactly, but The Hollywood Reporter says they’ll share a platform for their combined audience of 160 million users.