“Wattpad’s vision to entertain and connect the world through stories fits perfectly with our vision for Webtoon and Naver’s content brand. “Co-founders Allen Lau and Ivan Yuen, and the entire team at Wattpad, have created something special, and we are grateful to have Allen and Ivan continue to lead this fantastic company for us post-acquisition,” said Seong-Sook Han, CEO of Naver. Naver is known for its robust portfolio of search, e-commerce, communications, social networking and its many other content entertainment services and brands including the aforementioned Webtoon as well as Smart Stores, N Pay, Line, Band, V Live, and Snow, among others. Wattpad will remain headquartered in Canada under the continued leadership of founders Allen Lau and Ivan Yuen. The acquisition will allow Wattpad to continue to accelerate its international growth and success.
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