Naver to acquire Upbit in deal that rocks South Korean crypto industry [Yahoo! Finance]
RAKUTEN GROUP INC S/ADR (RKUNY)
NASDAQ:AMEX Investor Relations:
global.rakuten.com/corp/investors
Company Research
Source: Yahoo! Finance
exchange platform Upbit, in a move that could redraw the map of the country's financial landscape. Local news reports on Thursday say Naver will incorporate Dunamu into its business group as a fully owned subsidiary through a comprehensive stock swap. Naver Financial, the company's fintech arm, will execute the stock swap by issuing shares to acquire Dunamu in full. The stock-only structure means Naver won't have to front the cash upfront to do the deal. Naver's stock price is up 11% following the news. South Korea's crypto market The move carries big stakes for Naver and South Korea's crypto market. Upbit is the country's largest crypto exchange and the fourth biggest globally by daily trading volume. The platform is central to the liquidity for trading major altcoins, such as XRP and Cardano Alongside Bithumb, Korbit, and Coinone, Upbit forms what's called South Korea's “big four,” the country's four most prominent cryptocurrency exchange platforms. Naver is also a
Show less
Read more
Impact Snapshot
Event Time:
RKUNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RKUNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RKUNY alerts
High impacting RAKUTEN GROUP INC S/ADR news events
Weekly update
A roundup of the hottest topics
RKUNY
News
- Titan OS raises $58 million from Highland Europe for its smart TV OS [TechCrunch]TechCrunch
- Rakuten shopping portal review: Earn cash back, Amex points or Bilt Points [CNBC]CNBC
- Luma AI raises $900 million in funding round led by Saudi AI firm Humain [MSNBC.com]MSNBC.com
- Ergotron Launches LX Pro Monitor Arm in Japan [Yahoo! Finance]Yahoo! Finance
- How I save money on Black Friday and Cyber Monday without ever leaving the couch [CNBC]CNBC