Serial thriller — Kakao buys short fiction sites Radish and Tapas for nearly $1 billion

South Korea’s Kakao Entertainment is taking a big bite of the short fiction market by buying two US serial platforms — Radish and Tapas — in a deal totalling $950 million as the global sector hots up with another South Korean company Naver recently taking over WattPad for $600 million and Amazon getting ready to launch its own Vella operation.