WEBTOON Acquires Majority Stake in RI Games for $100M

Los Angeles, California, USA (August 10, 2026) -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) has entered into a definitive agreement to acquire a 60 percent majority stake in RI Games Holdings Inc. for approximately $100 million in cash. The strategic investment creates a dedicated pipeline to adapt hit webcomics into video games featuring established global fan bases.

The partnership plans to develop multiple games over the next four years utilizing popular intellectual properties managed through RI Games studios GrayGames and Offbeat. Upcoming titles include games based on the series Overgeared, Doom Breaker, and Omniscient Reader. An action MMORPG based on Overgeared is scheduled for a global launch later this year alongside an anime adaptation.

Transaction Details

• Acquisition of a 60 percent majority stake in RI Games Holdings for approximately $100 million in cash.
• Transaction structured in two installments, subject to customary closing conditions.
• Performance-based provisions allow the selling shareholder to sell the remaining 40 percent stake to WEBTOON under pre-agreed terms if specific milestones are achieved.