Korea’s NHN Buys Japanese Portal Livedoor For $68 Million

komitsuki · (#1 (**permalink**))

Quote:

Big news from the Asian Internet industry today: Korea’s web behemoth NHN has sealed a $68 million deal to acquire major Japanese Internet service provider Livedoor from parent company LDH Corp. (whose stakeholders include Morgan Stanley and Goldman Sachs). LDH also plans to pay a dividend of $32 million ahead of its sale to NHN.

I find this very interesting and very unexpected.

MMM · (#2 (**permalink**))

I thought livedoor was the Japanese version of friendster. Dead in the water.

komitsuki · (#3 (**permalink**))

Quote:

Originally Posted by MMM

I thought livedoor was the Japanese version of friendster.

Nyororin · (#4 (**permalink**))

Livedoor is kind of like a Yahoo copy... That lost the war to Yahoo.