The Naver board approved the acquisition of Dunamu through a share swap, with a swap ratio of 1:2.54.

Foresight News reports that, according to South Korean media Hankyung, South Korea's largest portal operator Naver has approved a decision to acquire Dunamu through a stock exchange at a board meeting. The stock exchange value for each share of Dunamu is calculated at 439,252 won, while the stock exchange value for each share of Naver Financial is calculated at 172,780 won, with an exchange ratio of 1:2.54. Naver stated: “Through this stock exchange, Naver Finance will become a wholly-owned parent company, and Dunamu will become its wholly-owned subsidiary. Both companies will continue to operate their existing businesses, and in addition, both parties will review various restructuring plans.”

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