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Kakao remains mired in crisis, with no clear path to recovery. Earnings continue to slump, and the company has failed to ...
Kakao Mobility, Korea’s top ride-hailing platform operator, is reportedly in talks with global autonomous vehicle leaders ...
Kakao raised eyebrows earlier this month by doubling down on its quest to take control of SM, seeking to get a bigger piece of the music label just days after a previous share sale agreement ...
Kakao said on Sunday while its servers are distributed across four data centres, the fire-hit data centre housed 32,000, or the main share, of its servers, which lost power and were damaged as a ...
Instead, Kakao is now offering KRW150,000 ($115) apiece to buy 8.33 million SM shares, or 35% of the company’s currently issued share capital, on the open market. Kakao’s offer closes on March 26.
SEOUL, March 12 (Reuters) - South Korean K-pop pioneer SM Entertainment Co Ltd (041510.KQ), opens new tab is poised to fall under the grip of social media giant Kakao Corp (035720.KS), opens new ...
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile.It has acquired Splyt ...
Kakao, together with its entertainment unit, on Tuesday made a tender offer of nearly $1 billion for 35% of K-pop label SM Entertainment. That represented a 15% premium to Monday’s closing share ...
Kakao is a South Korean tech conglomerate that owns the country’s dominant chap app, KakaoTalk, and a popular taxi-hailing app, Kakao Mobility, among other products.
Kakao and HYBE had been locked in an increasingly bitter and high stakes battle for control of SM since the beginning of February when HYBE bought a nearly 15% stake in SM from K-pop pioneer Lee ...
HYBE and Kakao, who are wrestling for control of K-pop company SM Entertainment, are trying to win over shareholders with competing board slates.
Kakao’s games dominate in South Korea, particularly in the Google Play Store. The other possibility in all of this is that Daum Kakao has bought itself is a chance to expand overseas.