Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

 Kakao Corp and Daum announced 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