Korea’s big mobile messaging exit gives Silicon Valley a glimpse of the future
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It may not have the jaw-droppingly high valuation of Facebook’s $19 billion acquisition of WhatsApp, but_yesterday’s announcement that_chat app maker Kakao’s is merging with Korean international portal Daum might be a glimpse into the future for Silicon Valley. Daum_is_not a familiar name in the US, but_the situation it faced leading up to the merger is one that internet firms in the West may soon encounter. It operates Korea’s second largest internet portal, and_also offers email, search, a blogging platform, mobile apps and more._Though the company is well established_– with over 1,500 staff, and $124 million in revenue and $8 million...
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