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Photo: Kakao Games |
[Alpha Biz= Paul Lee] Kakao will transition to a strategic partner of Kakao Games after selling part of its stake to a Line Yahoo-backed investment fund, marking a shift in ownership and growth strategy.
Kakao Games said on March 25 that LAAA Investment, a private equity fund backed by Line Yahoo, will acquire a portion of shares held by Kakao, currently the largest shareholder with a 37.6% stake, and become the new controlling shareholder.
Line Yahoo will also participate in a capital increase of approximately 240 billion won through a third-party allotment, along with an additional 60 billion won in convertible bonds via LAAA Investment.
Upon completion of the transaction, expected in May, LAAA Investment will become the largest shareholder, while Kakao will remain the second-largest shareholder and continue strategic cooperation with Kakao Games.
Through the deal, Kakao Games will secure around 300 billion won in fresh capital, which it plans to use to strengthen global competitiveness and support long-term growth. Kakao is also expected to reinvest part of the proceeds from the share sale to maintain its partnership and support the company’s stable operations.
Kakao Games said the ownership restructuring will enhance its momentum in global markets, expanding collaboration opportunities with its new major shareholder, particularly in Japan and other key regions. The company aims to leverage its development capabilities and service expertise to gradually strengthen its global presence.
Kakao added that the agreement includes provisions to ensure job security and maintain existing employment conditions, supporting continuity in organizational capabilities and corporate culture.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
