Naver discloses Nvidia completed $1 billion investment for 4.13% stake
Naver disclosed on November 6 that Nvidia had completed payment of approximately 1.34 trillion won ($1 billion) for a private placement of 6,558,435 common shares. The investment gives Nvidia an approximately 4.13% stake in Naver. Naver plans to use the proceeds for new AI-factory-related businesses.