Kakao Games Corp. (KOSDAQ:A293490) agreed to acquire remaining 34.81% stake in Kakao VX Inc. from a group of shareholders for approximately KRW 160 billion on October 1, 2025. As part of the acquisition, Kakao Games Corp will acquire 1.6 million shares in Kakao VX Inc. from Velvet I LLC, 2018 QCP Pef 13, a fund managed by Q Capital Partners Co., Ltd., Stonebrdge Mid-Cap PEF I, a fund managed by Stonebridge Capital Inc., KB Securities Co., Ltd., Industrial Bank of Korea, Choi Seong-won and Mirae Asset Securities Co., Ltd. The consideration is payable in cash. Upon completion, Kakao Games Corp. will own 100% stake in Kakao VX Inc.
For the period ending December 31, 2024, Kakao VX Inc. reported sales of KRW 111.6 billion and net loss of KRW 24.89 billion. As of December 31, 2024, Kakao VX Inc. reported total assets of KRW 329.26 billion and total debt of KRW 127.52 billion.
The transaction is expected to close on October 13, 2025.
Kakao Games Corp. (KOSDAQ:A293490) completed the acquisition of remaining 34.81% stake in Kakao VX Inc. from a group of shareholders on October 13, 2025.
Kakao Games Corp is a Korea-based company mainly engaged in the publishing and channeling business of mobile games and online games. The Company's online game products include Battle Grounds, Black Desert, and others. The Company's mobile game products include Moonlight Engraver, Friends Pop, and others. The Company is also engaged in the manufacture and sale of wireless communication devices.
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