Naver to buy Canadian storytelling platform Wattpad for $600m

South Korean internet giant keen to expand content business beyond Asia

20210120 naver and wattpad

South Korean internet company Naver has agreed to buy Canada's Wattpad for at least $600 million. (Source photos by AP)

KIM JAEWON, Nikkei staff writer

SEOUL -- Naver, South Korean's largest internet company, announced on Wednesday that it will acquire Canadian self-publishing platform Wattpad for $600 million as it looks to expand its digital contents business outside of Asia.

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