# WEBTOON Entertainment Inc. (WBTN) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_04794b725a63ee296ab9 · retrieved 2026-08-14T01:27:10.138Z

## Overview
WEBTOON Entertainment is a leading global entertainment company and home to some of the world's largest storytelling platforms, operating the WEBTOON and Wattpad platforms with approximately 155 million monthly active users and offering content adaptations across Netflix, Prime Video, Crunchyroll, and other screens worldwide.

WEBTOON Entertainment agreed to acquire up to 9,000 shares (60% stake) of RI Games Holdings Inc., a South Korea-based game developer, for an aggregate purchase price of KRW 150,000,003,000 (approximately $100 million USD). The transaction will close in two separate tranches: the first closing involves purchase of 2,999 shares for KRW 49,983,334,333, and the second closing involves purchase of 6,001 shares for KRW 100,016,668,667, subject to satisfaction of certain conditions including achievement of a specified commercial launch milestone for a game under development by one of RI Games Holdings's subsidiaries. Upon completion of both closings, WEBTOON will own approximately 60% of RI Games Holdings and will consolidate its financial results. The Shareholders Agreement includes contingent rights for the seller to require WEBTOON to purchase the remaining 40% stake if certain revenue thresholds are met during the measurement period through June 30, 2030, and contingent rights for WEBTOON to require the seller to purchase back a portion of WEBTOON's stake if revenue targets are not achieved.

## Terms
- Counterparty: Redice & Company, Inc. · Deal value: $100.0M · Consideration: cash · Stake: 60%

## Key dates
- Announced 2026-08-10 · Expiry 2030-06-30

## Timeline
- 2026-08-10 · 8-K (0001997859-26-000087): 8-K - WEBTOON Entertainment Inc. — *WEBTOON Entertainment is a leading global entertainment company and home to some of the world's largest storytelling platforms, operating the WEBTOON and Wattpad platforms with approximately 155 million monthly active users and offering content adaptations across Netflix, Prime Video, Crunchyroll, and other screens worldwide.* WEBTOON Entertainment agreed to acquire up to 9,000 shares (60% stake) of RI Games Holdings Inc., a South Korea-based game developer, for an aggregate purchase price of KRW 150,000,003,000 (approximately $100 million USD). The transaction will close in two separate tranches: the first closing involves purchase of 2,999 shares for KRW 49,983,334,333, and the second closing involves purchase of 6,001 shares for KRW 100,016,668,667, subject to satisfaction of certain conditions including achievement of a specified commercial launch milestone for a game under development by one of RI Games Holdings's subsidiaries. Upon completion of both closings, WEBTOON will own approximately 60% of RI Games Holdings and will consolidate its financial results. The Shareholders Agreement includes contingent rights for the seller to require WEBTOON to purchase the remaining 40% stake if certain revenue thresholds are met during the measurement period through June 30, 2030, and contingent rights for WEBTOON to require the seller to purchase back a portion of WEBTOON's stake if revenue targets are not achieved.
  https://www.sec.gov/Archives/edgar/data/1997859/0001997859-26-000087.txt

## Citations
- 0001997859-26-000087 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000199785926000087