Social network Path is acquired by Korean company




A South Korean company called Daum Kakao takes the social network Path. That community now has 10 million active members. The acquisition Path hopes that people in Asian countries is loyalty.

The acquisition come Path and Path messaging application Kakao Talk owned by Daum. That made ​​the social network itself known on his blog. Despite the new owner promises Path that as yet nothing has changed: the social network remains intact and keep the updates. How much is paid for the acquisition was not disclosed. Path hopes to continue with the new owner to grow in Asia: the social network at prices that the number of users should rise.

Daum Kakao is a South Korean company dealing with various matters. It is similar to a Web portal like Yahoo: Daum Kakao Features include e-mail, news, online purchases, but also social media. Probably the company wants to strengthen this area by purchasing Path. Just over ten years ago, the South Koreans about the then popular search engine Lycos.

Path exists since 2010 and has 10 million people who use the network at least once a month. There were earlier rumors that Apple is interested in a takeover, but it does not come.


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