Me 2 On Surges Straight to Upper Price Limit Shortly After Open on Kakao Games Acquisition [Stock NOW]

[Financial News] Me 2 On surged straight to the daily upper price limit shortly after the market opened on the 16th following news that it would be acquired by Kakao Games.
According to the Korea Exchange (KRX), as of 9:46 a.m. that day, Me 2 On was trading at 3,840 won, up 885 won, or 29.95%, from the previous trading day.
Kakao Games announced the previous day that it would acquire Me 2 On’s existing and newly issued shares, obtaining a 39.56% stake for approximately 98 billion won.
Once the acquisition is completed, Kakao Games will become Me 2 On’s largest shareholder. The acquisition is aimed at diversifying its business portfolio and strengthening its global business competitiveness.  

[email protected] Bae Han-geul Reporter