Naver's early invest in Woowa Brothers returns in 10-fold profit
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Naver disclosed on Tuesday that it was given 1,691,051 shares or 3.81 percent in Delivery Hero worth 247.7 billion won ($220.6 million).
Naver invested 35 billion won in Woowa Brothers in September 2017. When the food delivery service provider was sold to Delivery Hero, the German company offered to exchange Naver’s share with its own shares worth $89 million plus $100 million in cash in December 2019.
Delivery Hero stock prices have risen sharply since then, pushing up Naver’s share value to over $220 million.
Combined with $100 million in cash, Naver would have earned 10 times more for its investment in Woowa Brothers.
Naver shares rose 5.83 percent to close at 399,500 won in Seoul trading on Wednesday.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Samsung and family may donate late chair Lee Kun-hee’s $3 bn art collection - Pulse by Maeil Business News Korea
- Hanwha Q Cells sells 81-MW solar power plant in Texas to Adapture Renewables - Pulse by Maeil Business News Korea
- HHI forms underwriting syndicate to accelerate Kospi debut - Pulse by Maeil Business News Korea
- Korea’s LCC newcomer Air Premia ready for takeoff under a new owner - Pulse by Maeil Business News Korea
- Naver’s early invest in Woowa Brothers returns in 10-fold profit - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 환자식? NO!…맞춤형 건강 식단, ‘메디푸드’를 아십니까 [스페셜리포트]
- “결혼 전제로 열애”…에일리 연인은 ‘솔로지옥’ 최시훈이었다[공식입장] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이