South Korea's Kakao Entertainment Acquires Tapas Media In $510 Million Deal

Unit Kakao Entertainment bought Tapas Media in an all-cash deal. Los Angeles-based Tapas has published more than 96,000 original comic series and prose novels. Tapas recently secured a deal with print company Scholastic. Kakao is reportedly eyeing a U.S. IPO. Tapas Media, a webcomics publisher based in the United States,...