Chat App Kakao Buys Majority Stake In Korea’s Top Online Music Service For $1.5B
January 11, 2016 at 02:09 AM EST
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
