Naver Parent buys Livedoor Portal
NHN Corp.’s Japanese unit said Monday that it has bought portal service provider Livedoor Co. from Japan’s LDH Corp. for Y6.3 billion ($67.6 million), which will help the Korean company strengthen its presence in the Japanese portal segment. NHN, the owner of Naver, South Korea’s biggest Internet search engine by revenue, said in a regulatory filing that it will pay for the purchase some time before May 15.