Wattpad Continues to Evolve After Acquisition by Naver - Publishers Weekly

 Today, Panzer made a stop at the Publishers Weekly site. There he found a post about Wattpad.

It was expected.

According to Ed Nawotka's post, it's been a year since Korean business Naver bought Candadian business Wattpad. Now, Allen Lau, cofounder of Wattpad, has announced he's leaving Wattpad to become executive advisor at Webtoon. Jeanne Lam, Wattpad president, will be taking over the managing of Wattpad.

Panzer says, "This little kitty was surprised he stayed as long as he did."

Note: This is a medium length post. Bring a cup of tea and a brownie for today's reading.

To read the post tootle over to Wattpad

Interview: CEO Allen Lau on Wattpad's $600 Million Merger with Korea's Naver - Publishing Perspectives

 Today Panzer made another stop at the Publishing Perspectives site. Yesterday the site had a post about Canada's Wattpad merger with South Korea's Naver. Today the site has an interview with Wattpad CEO Allen Lau about the reason's for the merger.

Maybe a cat comic? I'd read it.

According to Porter Anderson's post, Wattpad CEO Allen Lau is elated about the merger with Naver. The merger will form a combined user base of 160 million. Naver has 72 million users and Wattpad has 90 million users. The post includes some interesting information about the two company's channels/platforms and Wattpad's expansion into comics with Naver's Webtoons.

Panzer says, "This sounds like it will work out fine as long as Wattpad gets to stay a separate company in Canada and doesn't get lost in Naver's future plans."

Note: This is an exceptionally long post. Bring a thermos of tea and five muffins for today's reading selection.

To read the post tootle over to Wattpad CEO Allen Lau

Canada's Wattpad Announces It's Being Acquired by South Korea's Naver - Publishing Perspectives

 Panzer had hardly entered the Catosphere when the Panzermobile was violently shaken by yelling and screaming coming from outside. Following all the chaos took our brave kitty boy to the Publishing Perspectives site. With no digging at all he found a post about the acquisition of Wattpad was what was causing all the noise.

Surprised me.

According to Porter Anderson's post, Wattpad's board announced the company is being acquired by the South Korean company Naver. Wattpad's acquisition is priced at US$600 million in cash and stock. Wattpad will stay in Canada. In addition to the platform and services, Wattpad Studios division and Wattpad Books will join Naver's Webtoon. The post contains much more information about both and the acquisition.

Panzer says, "This little kitty didn't know they wanted to sell the company. Did you?"

Note: This is an extra l-o-n-g length post. Bring a large mug of cocoa, a muffin and two chocolate chip cookies (biscuits) for today's reading selection.

To read the post tootle over to Wattpad