NAVER’s Acquisition of eBOOK Initiative Japan

Kirkland & Ellis advised NAVER Corporation (KRX), and its subsidiaries, LINE Digital Frontier Corporation (“LDF”) and WEBTOON Entertainment, on the deal.

NAVER Corporation (KRX), Korea’s largest information technology company, and its subsidiaries, LINE Digital Frontier Corporation (“LDF”) and WEBTOON Entertainment, announced the acquisition of eBOOK Initiative Japan Co., Ltd. (TYO), a publicly traded subsidiary of Z Holdings Corporation (TYO). LDF will implement a tender offer for all of the common shares and stock acquisition rights of eBOOK. NAVER expects to invest up to approximately US$144.5 million in connection with the transaction.

The Kirkland team was led by corporate partner Edward Lee (Picture) and capital markets partners Joshua Korff and Michael Kim, tax partners David Grenker and Adam Kool and associate Jake Jung, and antitrust & competition partners Ian John and Carla Hine.  

Involved fees earner: David Grenker – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Ian John – Kirkland & Ellis; Michael Kim – Kirkland & Ellis; Adam Kool – Kirkland & Ellis; Joshua Korff – Kirkland & Ellis; Edward Lee – Kirkland & Ellis; Woong Jae Jung – White & Case;

Law Firms: Kirkland & Ellis; White & Case;

Clients: LINE Corporation; Naver Corporation; WEBTOON Entertainment;