Nvidia finalizes payment of $1 bil., acquires over 4% stake in Naver

Korea Times News ·
Business Mergers & Acquisitions South Korea

Nvidia Corp. has finalized its payment of $1 billion of investments to Naver Corp. on Friday and acquired 4.13 percent of the portal operator's shares through a third-party rights offering. The South Korean company said it has issued over 6.5 million shares through a private placement involving the U.S. chipmaker, after receiving 1.3 trillion won ($1 billion) in proceeds, according to its…

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