( May 7, 2026, 08:39 GMT | Official Statement) -- MLex Summary: Upstage said Thursday it has finalized its acquisition of AXZ, the operator of South Korean portal service Daum, after completing due diligence on a stock-swap deal with Kakao. Under the deal, Kakao transferred all of its AXZ shares to Upstage while taking a stake in the AI startup. Upstage plans to combine its proprietary LLM, Solar, with Daum’s search engine and content data to develop a next-generation AI portal offering “ContextAI” services that understand user intent and context. The deal is expected to undergo merger review by South Korea’s competition regulator. Statement follows (in Korean):...
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