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Daum revenues up 20.7% in Q3
2014-11-07 08:47:00| Telecompaper Headlines
(Telecompaper) Internet portal Daum Communications reached over 37.2 million users of its KakaoTalk service in this year's third quarter. KakaoTalk monthly active users in Korea increased from 36.4 million in the second quarter of 2014 and 34.6 million in the third quarter of 2013. Global KakaoTalk monthly active users amounted to 48.4 million at the end of September 2014. Third-quarter combined revenues were up 20.7 percent year-on-year to KRW 221.8 billion, due to mobile and commerce revenue growth. Mobile revenue accounts for 47.9 percent of total revenues.
Kakao agrees merger with Daum
2014-05-26 08:56:00| Telecompaper Headlines
(Telecompaper) Korean messaging services provider Kakao has agreed to merge with internet portal Daum Communications in an all-stock deal that values the messaging app operator at more than KRW 3 trillion (USD 2.9 billion). Under the deal, privately-held Kakao has dropped plans to list its shares in Seoul early next year. The tie-up will help both companies better compete with Naver, the country's biggest internet portal operator, which also owns rival mobile messaging app Line, the Financial Times reports. Daum, the country's second-largest internet portal, will issue 43 million new shares to Kakao stockholders, including 33 million common shares. Kakao stockholders will receive about 1.5 shares in the merged company for every Kakao share that they own, while Daum stockholders receive new shares of the merged company at a ratio of 1:1. The new company will be called Daum Kakao and will be listed in October, pending shareholder approval. Daum expects to grow its business by taking advantage of Kakao's mobile platform, while its workforce, technology, content and platform will help Kakao develop further. KakaoTalk has about 145 million users in Asia, and its app is installed on more than nine in 10 smartphones in Korea.
PRESS RELEASE: DAUM, JLL Complete 83,200 Sq. Ft. Lease in Fairmont Commerce Center
2013-10-07 19:05:00| National Real Estate Investor
DAUM Commercial DAUM Commercial Real Estate Services announced that it represented the tenant, MXD Group, in the leasing of the Fairmont Commerce Center, an 83,200 sq. ft. building located at 440-444 W. Fairmont Drive in Tempe. read more
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