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Florence Muchai

Naver to Hold Board Vote on Dunamu Acquisition via Equity Swap Next Week

South Korean internet company Naver will hold a board meeting next week to approve its acquisition plan for Dunamu, parent company of cryptocurrency exchange Upbit. The transaction will be structured as a full equity swap through Naver Financial, the company's fintech subsidiary. Dunamu will convene its own board meeting on November 26 to finalize transaction details, with the share-swap ratio estimated at 1:3 or 1:4.
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