Coupang, Inc. (CPNG): E-commerce platform operator Coupang has...

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Monday, 06/21/2021 7:43:38 AM

Monday, June 21, 2021 7:43:38 AM

E-commerce platform operator Coupang has once again surprised the market by winning the exclusive rights to broadcast the Tokyo Olympics online, apparently beating out local tech giants Naver and Kakao.

For the deal, which has not yet been officially announced, Coupang may have agreed to pay up to 50 billion won ($44 million), industry observers said Monday, adding that it testifies the Nasdaq-traded firm’s strong intent to expand into the over-the-top content business.

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