Kirkland Represents NAVER Corporation and LINE Digital Frontier Corporation on Acquisition of eBOOK Initiative Japan Co., Ltd.
Kirkland & Ellis advised NAVER Corporation (KRX), Korea’s largest information technology company, and its subsidiaries, LINE Digital Frontier Corporation (“LDF”) and WEBTOON Entertainment, on 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.
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The Kirkland team was led by corporate partner Edward Lee 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.