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Published on 01/29/2026 at 02:57 pm EST
Upstage Co., Ltd. signed a memorandum of understanding to acquire AXZ Corp. from Kakao Corp. (KOSE:A035720) in a stock-swap transaction on January 29, 2026.
The MOU centers on Kakao transferring the AXZ equity it holds to Upstage, while Kakao acquires a certain equity stake in Upstage.
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