REDICE Studio Acquires 4.5% Stake in Com2uS En... "Expanding IP Business"
"Expanding Strategic Collaboration Focused on IP and Content"
Com2uS announced on the 30th that it has entered into an agreement to transfer and acquire 1,080,506 shares of its content business affiliate, Com2uS En, with REDICE Studio.
The shares REDICE Studio will acquire represent approximately 4.5% of Com2uS En’s equity. With this agreement, the two companies plan to expand their strategic partnership focused on intellectual property (IP) and content.
REDICE Studio holds numerous popular webtoon IPs, including “Solo Leveling,” “Omniscient Reader,” “The King of Excavation,” and “The Legend of the Northern Blade.” “Omniscient Reader” has surpassed a global cumulative view count of 2 billion, while the combined global cumulative view count for the “Solo Leveling” web novel and webtoon has reached 14.3 billion.
Com2uS En is seeking new business opportunities with REDICE Studio, leveraging its extensive business capabilities from planning and producing content such as films, dramas, and webtoons to expanding both online and offline.
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A representative from Com2uS stated, “We anticipate broadening the scope of collaboration by linking REDICE Studio’s strong global IP power with the content business know-how of Com2uS and Com2uS En. Based on each company’s expertise, we will continue to discover various opportunities for strategic cooperation.”
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