Kakao Entertainment Acquires I&ISoft for 25 Billion KRW
[Asia Economy Reporter Buaeri] Kakao Entertainment has acquired the video streaming technology company I&ISoft.
On the 27th, Kakao announced that Kakao Entertainment approved the acquisition of I&ISoft shares at the board meeting held on the 28th of last month. The acquisition amount is reported to be as high as 25 billion KRW.
I&ISoft is a video streaming platform development company that possesses various video-related technologies, including solutions for multimedia streaming services.
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The company stated, "Kakao Entertainment, including KakaoTV, is engaged in various video content businesses and can integrate I&ISoft's technology."
This content was produced with the assistance of AI translation services.
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