Tag: kakao
Kakao secures controlling stake in SM Entertainment, but Hybe left with half its stock
Kakao Entertainment partners with Columbia Records in the US
Hybe confirms it will sell its SM shares to Kakao
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
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, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by […]
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab by Kate Park originally published on TechCrunch
South Korean internet firm Kakao announces new bid to acquire nearly 40% of SM Entertainment
SM Entertainment cancels Kakao deal after Hybe-supported founder scores win in South Korean courts
Kakao issues statement in ongoing war of words with Hybe over SM deals
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF
Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music, K-pop artists management, and other media (movie and […]
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF by Kate Park originally published on TechCrunch
Kakao co-CEO resigns after fire incident that caused mass outage
Whon Namkoong, the co-chief executive of Kakao, has resigned from his position after a fire incident at a data center last week caused a mass outage at the South Korea’s top instant messaging app KakaoTalk. Namkoong, who joined Kakao in 2015, was elevated to the co-CEO role this March. At a press conference Tuesday, he […]
Kakao co-CEO resigns after fire incident that caused mass outage by Manish Singh originally published on TechCrunch