Path’s social networking app has been acquired by South Korea’s Daum Kakao

♠ Posted by channel-top-news in ,,,,,,, at 22:35
Path
Path has sold its five-year-old social networking app today to South Korean mobile company Daum Kakao for an undisclosed sum. The asset deal will allow Path to grow in Asian markets, where Daum Kakao — makers of the popular Kakao Talk messaging app — have experience in building large user bases. Daum Kakao will look to improve Path’s quality of service and community experiences in Korea and other markets. Nothing changes for existing Path and Path Talk users. The company’s GIF creation app, Kong, and its Path Places product aren’t part of the deal and will continue to operate as…

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