SERIAL ACQUIRERS. Two South Korean web giants are embarking on their next overseas chapters. Kakao Entertainment said on Tuesday read more it is buying bite-sized fiction apps Tapas Media and Radish Media, for a combined $950 million. Rival Naver (035420.KS) also just completed its acquisition of Toronto-based storytelling platform Wattpad for more than $600 million. The North American acquisition spree makes sense strategically. The webtoon, or digital comic, producers, are both eyeing potential U.S. initial public offerings. Kakao Entertainment’s boss reckons his business could be worth more than $18 billion in a listing. Demand for niche genres and new formats is on the rise. Sony (6758.T) is forking out $1.2 billion for AT&T’s (T.N) anime streaming service Crunchyroll, although that deal may be facing regulatory concerns. At $440 million, Kakao is paying an eye-watering 22 times trailing sales for Radish. Some of these new content deals will end up shelved in the financial fantasy section. (By Sharon Lam) On Twitter http://twitter.com/breakingviews Earlier in Capital Calls: Wynn bets too much on SPAC read more Sabers down for Project JEDI read more Italy dynasty coughs up for road buyout read more French music IPO hits a minor key read more Fintech will have to do trustbusters’ job on banks read more