Who is acquiring Upbit now?

TLDR

Naver Financial, the fintech arm of Naver, is acquiring Upbits parent company Dunamu in an all?stock deal that would make Upbit a Naver subsidiary pending approvals, as reported by multiple outlets including Bloomberg.

1. Deal value is about $10.3 billion in a stock?swap structure per a media report.
2. Upbit itself is not the target; its operator Dunamu is the entity being acquired according to an exchange filing summary.
3. The transaction requires shareholder votes and regulator sign?off before closing per the coverage above.

Deep Dive

1. Who Is Buying

The buyer is Naver Financial, the payments and fintech unit of Koreas tech group Naver. Reports state Naver Financial will issue new shares to Dunamu holders, making Dunamu a wholly owned subsidiary if the merger completes, per a Bloomberg report and Cointelegraph.

2. Deal Terms

Coverage places the transaction at roughly $10.3 billion and describes an all?stock exchange with a ratio around 2.54 Naver Financial shares per Dunamu share, based on an external valuation, per Cointelegraph and a Decrypt summary.

3. Status and Timing

The merger is not yet effective. It still needs shareholder approvals and reviews by Korean regulators such as the Fair Trade Commission, with indicative vote and exchange dates laid out into 2026 per the detailed timeline. Several outlets also frame the tie?up as paving a path to a possible Nasdaq listing for Upbits business under Navers umbrella, though that is contingent on the merger closing and further decisions, per CoinSpeaker.

Conclusion

The acquirer is Naver Financial, and the target is Upbits parent Dunamu, via a stock?swap deal valued around $10.3 billion. Closing depends on shareholder and regulatory approvals. If it completes, Upbit would become a Naver subsidiary, with potential longer?term implications for expansion and capital markets access under the combined fintech platform.