daum

  • Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

    Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

    Kakao and Daum announced today that they will merge through an equity swap, creating a company with a 3.4 trillion won (about $2.9 billion) market capitalization. Kakao and Daum stand to become one of South Korea’s largest Internet companies and will be better positioned to compete against Naver, South Korea’s largest Internet portal and the maker of KakaoTalk competitor Line. Read More

  • Lycos Is Still Around – Sold By Daum To Ybrant In $36 Million Deal

    Lycos Is Still Around – Sold By Daum To Ybrant In $36 Million Deal

    Lycos, the ill-fated operator of a search engine, Web portal and whatnot originally established in 1994 (!) has a new owner – once again. India-based digital marketing solutions company Ybrant Digital has purchased Lycos from Korean Internet company Daum for a reported $36 million in a stock purchase agreement. Daum bought Lycos for $95.4 million in cash in August 2004, a fraction of… Read More