8/102 sources · 2 publishersUpdated Nov 2, 03:20 UTC
Nvidia to become Naver’s third‑largest shareholder through new share issuance
Nvidia will acquire 7,241,564 newly issued Naver shares at 204,500 won each, giving it about a 4.5% stake and moving it to the third‑largest shareholder position. The payment is scheduled for November 6 and the shares will list on November 27. The investment follows a three‑way AI infrastructure partnership with Naver and Brookfield.
Why it matters
The deal dilutes Naver founder Lee Hae‑jin’s holding to 3.8% and reduces other large shareholders’ stakes, while giving Nvidia a strategic foothold in Naver’s AI data‑center rollout. The $1 billion investment signals a deepening of Nvidia’s exposure to the Korean AI market.
Key facts
- 1Nvidia will acquire 7,241,564 new Naver shares. thelec.net
- 2The issue price is 204,500 won per share. thelec.net
- 3Nvidia’s stake will be approximately 4.5% of Naver. thelec.net
- 4Naver founder Lee Hae‑jin’s ownership will fall to 3.8%. thelec.net
- 5Payment for the shares is set for November 6. thelec.net
- 6The new shares will be listed on November 27. thelec.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.