South Korean tech firm Kakao, best known for its mobile messaging app KakaoTalk, has today announced its intentions to acquire Loen Entertainment, the parent company behind music streaming platform MelOn. According to TechCrunch, the deal is valued at 1.87 trillion KRW (about US$1.5 billion) with Kakao buying a majority stake in MelOn. The latter boasts...
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The post Kakao buys music streaming service MelOn for a sweet US$1.5B appeared first on e27.
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via VRForums | Singapore Technology Lifestyle Forums - News around the web! http://ift.tt/1Om9RXs
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