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Korean Search Firm Naver Acquires Microblogging Site Me2Day

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No, Twitter may not get acquired anytime soon, but its clones certainly are: now Korean search and online gaming giant Naver has acquired Me2Day, a microblogging service, Web 2.0 Asia reports. The deal is valued at about $2 million (2.2 billion KRW). Me2Day beta-launched in 2007, per CNET Asia, and hadn’t raised funding outside of some angel investments. Naver, a division of NHN Corp., will integrate the microblogging features within its various portals and sites.

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Dec 22, 2008 2:05 AM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Countries, Asia, Korea, me2day, naver

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