Business · Companies · 2 hrs ago

Nvidia to invest $1 billion in Naver and become its third-largest shareholder

Nvidia to invest $1 billion in Naver and become its third-largest shareholder

Nvidia will invest in Naver, the company said.

The investment is worth $1 billion.

It will make Nvidia Naver's third-largest shareholder.

A shareholder owns part of a company, so the investment gives Nvidia an ownership stake in Naver.

The announcement does not give further details about the terms of the investment.

No next steps are specified.

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