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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By Tameka Kee
@GeekyChic
Dec 22, 2008 2:05 AM ET
@GeekyChic
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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