South Korean social media giant’s Kakao Entertainment, which offers apps for animated shows and novels, raised $930M from Saudi Arabia’s PIF and Singapore’s GIC (Bloomberg)

Bloomberg:
South Korean social media giant’s Kakao Entertainment, which offers apps for animated shows and novels, raised $930M from Saudi Arabia’s PIF and Singapore’s GIC  —  Kakao Entertainment Corp. has won $930 million from the sovereign wealth funds of Saudi Arabia and Singapore …