Webtoon buys majority stake in Korean game studio

Webtoon Entertainment is acquiring a 60 percent stake in Korean game developer RI Games Holdings for about $100 million, the company said Tuesday, deepening its push into games and animation as core growth shows signs of slowing. RI Games, founded in 2022 by Kevin Tail Han, operates GrayGames and Offbeat, the two studios that will handle the development of new titles. Under the deal, the companies plan to roll out a slate of games over the next four years, drawing on popular series such as "Over