M&A Deal Summary

Kakao Acquires Parking Square

On March 1, 2016, Kakao acquired internet software and services company Parking Square

Acquisition Highlights
  • This is Kakao’s 3rd transaction in the Internet Software and Services sector.
  • This is Kakao’s 2nd transaction in South Korea.

M&A Deal Summary

Date 2016-03-01
Target Parking Square
Sector Internet Software and Services
Buyer(s) Kakao
Deal Type Add-on Acquisition

Target

Parking Square

Seoul, South Korea
Parking Square, Inc. is a developer and operator of 'Park Here', an app that allows searching and reservation of parking spots. The app allows its users to quickly search for vacant parking lots nearby and reserve the vacancy at a discounted rate.

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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 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: South Korea M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Kakao Mobility

Seongnam-si, South Korea

Kakao Mobility provides a wide range of mobility services through its Kakao T mobile-app platform including taxi-hailing, designated driver, electric bike hire, parking, and navigation. The company is also advancing its autonomous driving technology. Kakao Mobility is based in Seongnam-si, South Korea.

Sell -