Daum Kakao Corp., a leading mobile lifestyle platform provider, today announced a definitive agreement to acquire Path as part of the company’s global expansion efforts. The acquisition will take form in Daum Kakao carrying out an asset acquisition of Path the social network and Path Talk the messaging app. “We created Path as a network that brings users a source of happiness, meaning and connection. We’re very proud of what we’ve accomplished…

  “The Core of Mobile Advertising is Demand Estimation” Tapjoy, the company that recently acquired 5Rocks talked with a beSUCCESS editor about their first jointly produced product. In August this year mobile game analytics company 5Rocks from Korea was acquired by USA-based mobile advertisement platform Tapjoy. With 14 overseas branches and 600 million users per month Tapjoy is the world’s largest mobile advertisement company. Complimenting this portfolio, ‘5Rocks’ is an exemplary mobile…

As reported by Business Korea, Samsung Electronics has begun to emerge as a player in the global M&A market. In just the last six months the electronics giant, most known for its smartphones, has purchased four foreign companies. The new and aggressive M&A strategy has been adopted to counter profit slumps blamed on falling demand for Samsung’s old cash-cow, smartphones. Recent industry reports suggested that Samsung has acquired caching company Proximal Data in…

SoftBank has just announced that they will acquire Korean TV streaming service, DramaFever, for an undisclosed amount. DramaFever is a five-year-old Korean startup that streams global TV shows and movies online. The company was founded by brothers Hyun and Suk Park which also raised series A funding from SoftBank in 2013. DramaFever has raised a total of over $12 million altogether, since founding. This is the second major acquisition of a Korean online TV distribution…

Mobile monetization and ad-tech firm Tapjoy has today announced that they have acquired Korean analytics and marketing automation firm 5Rocks.  5Rocks enables user segmentation, cohort analysis by app behaviour, purchase patterns, social activity, referral channel and more, and notifies developers when there are various anomalies detected in their data. Additionally, it had previously received US$2.3 million in funding from Japan’s Global Brain, after James Jung (CEO, beSUCCESS)  made an introduction at beLAUNCH 2013. “5Rocks is…

Kakao Corp, this week has announced an agreement to buy Korea’s second largest domestic Internet-portal operator Daum Communications in an all-stock deal. It is hoped that the deal will boost the merged entity’s presence in on both Web and mobile services. The deal comes at a time when tech analysts are heralding the end of messaging 2.0, as most independent messaging services which have seen enormous growth recently will now have merged or been…

Korean mobile game maker Gamevil has acquired Com2uS. Gamevil announced on October 4 that it signed an agreement to acquire a 21.37-percent stake in Com2uS for 70 billion won. Under the terms of the deal, Gamevil will have the controlling stake in Com2uS. Although Gamevil is the acquiring party in this transaction, it actually did less business than Com2uS last year. Gamevil reported full-year revenues of KRW 70.2 billion ($65.5 million), compared…