NVIDIA to Acquire a $1 Billion Stake in South Korean Internet Portal Operator Naver

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NVIDIA is acquiring a $1 billion stake in South Korean internet portal Naver, as global companies align with MiCA (EU Markets in Crypto-Assets Regulation) and CFT (Countering the Financing of Terrorism) compliance. Naver also announced a 100 billion won treasury share buyback. The move pushed Naver’s stock up 8% at open.

BlockBeats news, on July 27, NVIDIA will acquire $1 billion worth of shares in South Korean internet portal operator Naver, while Naver will cancel treasury shares worth 1 trillion Korean won.


Affected by this news, Naver's stock in South Korea opened 8% higher.

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