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  5. Kakao Acquires Daum Communications

M&A Deal Summary

Kakao Acquires Daum Communications

On May 26, 2014, Kakao acquired internet software and services company Daum Communications for 3.3B USD

Acquisition Highlights
  • This is Kakao’s 1st transaction in the Internet Software and Services sector.
  • This is Kakao’s largest (disclosed) transaction.
  • This is Kakao’s 1st transaction in South Korea.

M&A Deal Summary
Date 2014-05-26
Target Daum Communications
Sector Internet Software and Services
Buyer(s) Kakao
Deal Type Add-on Acquisition
Deal Value 3.3B USD

Target

Daum Communications

Jeju, South Korea
Daum Communications Corp. is a provider of on-line advertising and transaction services.

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Buyer(S) 1

Buyer

Kakao

Jeju, South Korea
Category Company
Founded 1995
Sector Internet Software and Services
Employees17,117
Revenue 7.87T KRW (2024)
DESCRIPTION

Kakao is a mobile lifestyle company provider of web-based mail services through messaging apps. Kakao was founded in 1995 and is based in Jeju, South Korea.

DEAL STATS #
Overall 1 of 3
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: South Korea M&A 1 of 2
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Path

San Francisco, California, United States

Path, Inc. provides online internet services to share personal life post, capture photos and videos with close friends and families worldwide.

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