Watcha backstabbed LG U+ djpg

(1)It was a win-win for everyone…’ What
(2)LG U+’s acquisition contract has been canceled
(3)No. 1626, 230706 1649
(4)I defeated other investment proposals only by looking at LG…”Nothing has been decided to attract new investors
(5)Attention is focusing on whether the Sunday newspaper’s domestic startup OTTOVER The Top and online video service Watcha will be able to solve the puzzle for survival Recently, Watcha secured about 8 billion won in funds by selling its stake in its subsidiary Blending However, considering the annual loss of 60 billion won, some are pessimistic that the acquisition of LG U+ was the last chance to go, while others are criticizing LG U+’s move, and LG U+ revised its strategy to release its own OTT immediately after giving up its acquisition of Watcha

(1)Watcha is on fire Watcha negotiated with LG U+ for 10 months and rejected other companies’ investment proposals, but LG U+ stepped down when the funds were thin On top of that, it is reported that LG U+ can launch its own OTT platform, and the startup industry, including inside Watcha, is responding with anger LG U+ formed a top content expert CCO organization earlier this year and recruited star producer PDs to produce its own contents
(2)A domestic startup executive, who asked for anonymity, criticized, “Park Tae-hoon, CEO of Watcha, for turning over the last deal one after another after 10 months of due diligence on Watcha,” adding, “Even if LG U+ launches OTT, it will not be able to avoid criticism.” A representative of a local content startup said, “For startup managers, investment is the worst scenario that Mr. Lee can think of when he is thin.” Regarding the failure to acquire Watcha and criticism from the startup industry, LG U+ said it has no special position