Naver Founder Dilutes Stake in $1B Nvidia Deal
Naver's founder is seeing his ownership share shrink as part of a $1 billion deal with Nvidia. The move ties into Naver's push to expand its artificial intelligence work across more countries around the world.
Quick glossaryNaver, dilutes
- Naver
- A South Korean internet company best known for its search engine and web portal, based in South Korea.
- dilutes
- Reduces a person's share of ownership in a company by letting new shares or investors come in.
Burning Potato score: 63%