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January 11, 2016 07:09 am GMT
Kakao, South Korea’s dominant mobile messaging app that merged with Internet company Daum in a $3 billion deal in 2014, is pinning its international expansion hopes on music after it announced plans to spend $1.5 billion buying a majority stake in Korea’s top music service. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2phGIPX1THo/
Chat App Kakao Buys Majority Stake In Koreas Top Online Music Service For $1.5B
Kakao, South Korea’s dominant mobile messaging app that merged with Internet company Daum in a $3 billion deal in 2014, is pinning its international expansion hopes on music after it announced plans to spend $1.5 billion buying a majority stake in Korea’s top music service. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/2phGIPX1THo/
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