The transaction cost the company, which is a subsidiary of the internet and messaging giant Kakao, approximately $17 million. The company is also planning to take on an additional 31.1% share in the U.S. company pending regulatory and shareholder approval.
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Korea’s Kakao Pay Makes Major Move Into U.S. Market with Siebert Stake
South Korean internet payments service Kakao Pay acquired a 19.9% stake in New York-based brokerage Siebert Financial. So reports TechCrunch.
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