Krafton Acquires All of Neptune's Shares In Kakao Games, Becoming Top Neptune Shareholder
Apr 30, 2025
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Krafton decided to acquire all 39.37% of Neptune's stake held by Kakao Games through a resolution of its regular board of directors on the 29th. When the deal is completed, it will secure a total stake of 42.53%, including 3.16% of its existing holdings, and will have Neptune's largest shareholder status. Neptune also holds a 0.9% stake in Krafton, so the two companies were closely related.
In the investment, Krafton said it focused on Neptune's sustainable revenue base and the strategic capabilities of its management team. Neptune has built its growth foundation around the ad-tech and gaming businesses, which has built a solid profit structure.
Last year, it recorded 121.6 billion won in sales and 9.6 billion won in operating profit on a consolidated basis, achieving its highest operating profit since its listing in 2016. After the acquisition, Neptune maintains its current management system. Krafton said it plans to respect the autonomy and independence of existing management as Neptune continues to show consistent performance trends and growth.
In addition, Krafton emphasized that it plans to explore the possibility of mid- to long-term business expansion based on the acquisition. It will also review the application of new business models in global markets, including India, and look at ways to refer Neptune's technology and business experience to Krafton's game services.
This article was translated by Naver AI translator.
