Naver and Dunamu's $9.9 Billion Share Swap Transaction Delayed Again to Year-End

Odaily reports that Naver Financial and Dunamu have postponed the completion date of their comprehensive share swap transaction to December 31st, marking the second delay for this deal. The transaction aims to integrate Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, into Naver's financial division. The original settlement date was September 30th. Dunamu stated that incomplete digital asset legislation and pending antitrust reviews remain key variables, and any progress in either approval process could further extend the timeline or even lead to changes in the transaction.