Armed with $1b, S Korean messaging app Kakao targets content, platform M&As

Armed with $1b, S Korean messaging app Kakao targets content, platform M&As

An employee of mobile messager Kakao Talk displays the mobile game "Anipang" on a smartphone at the company in Seongnam, south of Seoul, March 26, 2013. REUTERS/Lee Jae-Won

South Korean messaging app service provider Kakao Corp is aiming to acquire global content providers in Japan and the United States after successfully raising $1 billion from foreign investors, a senior company executive said.

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