Naver Financial plans to acquire Upbit operator Dunamu in a $10.3 billion stock-swap deal. The exchange ratio is 1:2.5422618 after valuing both companies. Shareholders will vote on the deal in May 2026, with regulatory approvals needed. Naver Financial aims to launch a stablecoin project post-acquisition, amid improving crypto regulations in South Korea.

Read more at Cointelegraph: Naver to Buy Upbit Operator Dunamu in $10.3 Billion Stock Swap