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According to the Fair Trade Commission (FTC), they have approved the combination of VLIVE and Weverse, which are HYBE and Naver’s fan community service platforms.
This past January, the two companies signed a contract for Weverse to take over Naver’s VLIVE, with Naver acquiring 49% stake in Weverse Company. As result, Naver will become the second largest shareholder of Weverse Company after HYBE (51%).
The FTC analyzed the number of business consolidations taking place in companies in the domestic entertainment market and revealed that it was because these consolidation methods are being used as a means for strengthening business capabilities, securing competitiveness, and entering new businesses.
This past January, the two companies signed a contract for Weverse to take over Naver’s VLIVE, with Naver acquiring 49% stake in Weverse Company. As result, Naver will become the second largest shareholder of Weverse Company after HYBE (51%).
The FTC analyzed the number of business consolidations taking place in companies in the domestic entertainment market and revealed that it was because these consolidation methods are being used as a means for strengthening business capabilities, securing competitiveness, and entering new businesses.
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what does this mean for my fav >? 