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May 26, 2014 05:58 am GMT
Kakao Corp and Daumannounced today that they will merge through an equity swap, creating a company with a 3.4 trillion won (about $2.9 billion) market capitalization. Kakao is the maker of KakaoTalk, South Korea’s top messaging service, while Daum is one of the country’s largest Internet portals.If the deal goes through, the combined company will be listed in October. Kakao… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5eTb8ye9p-Q/
Kakao And Daum To Merge, Creating One Of South Koreas Largest Internet Companies
Kakao Corp and Daumannounced today that they will merge through an equity swap, creating a company with a 3.4 trillion won (about $2.9 billion) market capitalization. Kakao is the maker of KakaoTalk, South Korea’s top messaging service, while Daum is one of the country’s largest Internet portals.If the deal goes through, the combined company will be listed in October. Kakao… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/5eTb8ye9p-Q/
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