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Naver gets Tokyo 2020 rights in Korea, Kakao drops out

The Naver Internet company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Internet services company Naver has acquired non-exclusive streaming rights for the Tokyo 2020 Olympics in South Korea, in a sublicensing deal with the Korea Pool grouping of terrestrial broadcasters.

South Korean news website Chosun Biz reported that Kakao, another major internet services company, has dropped out of the running for the rights. A handful of other digital platforms, including AfreecaTV, Wavve and Seezn, remain in talks with the Korea Pool.

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