From TechCrunch:
It isn’t often that a company in Asia acquires a U.S. rival, particularly one that has surfed a wave of hype in Silicon Valley. But that’s exactly what happened this week after Path announced the sale of its flagship app to Korea’s Daum Kakao.
The deal is undisclosed, but, as an real acquisition involving two consumer messaging apps, it is notable, particularly as the mobile messaging space transitions from a period of hyper growth to one of consolidation and services.
http://techcrunch.com/2015/05/29/what-is-daum-kakao-and-why-did-it-buy-path/
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