CoinVoice has recently learned that, according to Beincrypto, Dunamu, the parent company of South Korea's largest cryptocurrency exchange Upbit, plans to announce a merger with the payment platform Naver Financial on November 27. The boards of directors of both parties will approve this all-stock exchange transaction on the 26th, with an estimated exchange ratio of 1:3. After the transaction is completed, Dunamu will become a wholly-owned subsidiary of Naver Financial.
After the merger, Dunamu's main shareholders will hold nearly 30% of the new company's shares, while Naver's stake will decrease from 69% to 17% but will retain operational control. This transaction values Naver Financial at approximately 5 trillion won and Dunamu at about 15 trillion won. [Original link]
