Nvidia to invest $1 billion in Naver, becoming third-largest shareholder

Nvidia will invest about $1 billion (1.35 trillion won) in Naver at 204,500 won per share, with payment set for Nov. 6. The deal gives Nvidia roughly a 4.54% stake, making it Naver's third-largest shareholder behind the National Pension Service and BlackRock.

• Nvidia to acquire about 4.54% of Naver for roughly $1 billion
• Issue price set at 204,500 won per share, about 7.24 million shares
• Payment due Nov. 6, new shares to list Nov. 27
• Naver targets a 55 MW AI factory in 2027, scaling to 200 MW by 2028