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Story summary
- Nvidia will purchase $1 billion of Naver Corp. shares, giving it a 4.5% stake and funding an AI data-centre.
- Naver will issue 7.2 million shares at 204,500 won, a 1% discount to Friday’s close.
- Brookfield can invest up to $9 billion, bringing total project funding to $10 billion.
- The AI centre will be built at Naver’s GAK site in Sejong, targeting 200 MW capacity by 2028 with Nvidia’s Vera Rubin and Blackwell chips.
