Naver plans to acquire Upbit's parent company, Dunamu, in an all-stock transaction valued at approximately $10.3 billion.

Odaily Planet Daily reports that South Korean portal site Naver has agreed to acquire Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, in an all-stock transaction valued at approximately $10.3 billion. The deal reportedly involves Naver's fintech subsidiary, Naver Financial Corp., issuing 2.54 new Naver shares for every 1 Dunamu share it holds. (Bloomberg)