Transaction · Crypto / Digital Assets · 2025

Naver / Dunamu 2025

Naver acquired Dunamu for $10B on November 27, 2025.

Target
Dunamu
Acquirer
Naver
Deal value
$10B
Announced
November 27, 2025
Sub-sector
Crypto / Digital Assets

Transaction overview

  • Naver announced the acquisition of Dunamu on November 27, 2025 for $10B.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Combine Upbit's dominant crypto exchange (80% Korea market share) with Naver's ecosystem to create digital finance super-app and launch won-backed stablecoin.

Deal terms & multiples

Deal value
$10B
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
November 27, 2025
Acquirer
Naver (Strategic)

Frequently asked questions

How much did Naver pay for Dunamu?

Naver acquired Dunamu for $10B, announced on November 27, 2025.

When did Naver announce the acquisition of Dunamu?

Naver announced the acquisition of Dunamu on November 27, 2025.

What sub-sector is Dunamu in?

Dunamu is tracked in the Crypto / Digital Assets sub-sector.

Sources

  • bravenewcoin.com /insights/naver-to-buy-upbit-owner-dunamu-for-10-3-billion-in-major-crypto-deal