KRAFTON, Inc. (KOSE:A259960) agreed to acquire an additional 39.37% stake in Neptune Company (KOSDAQ:A217270) from Kakao Games Corp. (KOSDAQ:A293490) for approximately KRW 170 billion on April 29, 2025. A cash consideration of KRW 164.97 billion valued at KRW 8972 per share will be paid by KRAFTON, Inc. As part of consideration, KRW 164.97 billion is paid towards common equity of Neptune Company.

Upon completion, KRAFTON, Inc. will own 42.53% stake in Neptune Company. The transaction is subject to approval by the Fair-Trade Commission. The expected completion of the transaction is June 30, 2025.

As of June 30, 2025, the transaction is expected to complete on July 31, 2025.