Way2Bit Changes Shareholder To ‘Kakao Games’ Change To ‘Kakao Games’ Change To ‘Kakao Games’ BORA Follow Dec 17, 2020 · 2 min Read Hello, We are informing you as follows as the largest shareholder of Way2Bit has been changed to Kakao Games. Details of Call Options (Right to Request Sale) Kakao Games Co., Ltd. will hold a call option exercise to secure additional shares after the first investment in shares of BORA developer Way2Bit in 2018. Through this call option exercise, Kakao Games Co., Ltd. secured 45.8% of Way2Bit’s total stake and became Way2Bit’s largest shareholder. Future business details: medium.comDisclosure prepared by BORA (BORA) operator Way2Bit Inc. to be incorporated as a Kakao Games affiliate On February 1, 2021, the Fair Trade Commission disclosed the changes in the affiliates of a large corporate group that occurred over the past three months (November 1, 2020 to January 31, 2021) Kakao Games Co., Ltd. secured 45.8% of Way2Bit’s total stake in Way2Bit Co., Ltd. is a subsidiary of the mutual investment restricted corporate group Kakao, and is listed in row 69 of Excel file with the contents announced by the Fair Trade Commission. Introducing the company Kakao Games Co., Ltd. (CEO Nam Gung-hoon, Cho Gye-hyun) is a gaming affiliate of Kakao. It provides games of various genres through powerful platforms it has, such as PC online platform “Next Game” and mobile platform “Kakao Games.” Through Friends Games, a subsidiary specializing in development, it is developing casual games using “Kakao Friends” IP (Intellectual Property), and various new games through XL Games, which has solid IP and hard-core genre development power. Life MMO, a high-tech subsidiary that will pioneer new business areas, and Kakao VX, which is developing virtual and augmented reality (VR and AR) contents, are securing new growth engines. This is to be announced.
