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Please give us another thread about the Yahoo/Naver rumors if there's any more news. That sounds huge!
here's a pretty decent article (for once):
I really don't know about the "likely" part, but who knows...
Yahoo Korea Likely to Take Over NHN [search.hankooki.com]
Yahoo Korea, the country's third-largest Internet search company, is likely to take over NHN, according to domestic brokerages.
For reference, NHN is the number one search engine in Korea for those that don't know....dominating more than 62% of the market...with yah korea and goog korea at a meager 15% and 2% respectively.
In consideration of NHN's exponential potential, 300 billion won is not a big deal,'' Jeong claimed.
I'd agree with that. that's about 280 million USD btw. and if anyone has read even a taste of what I've mentioned about NHN...they have some pretty cool stuff and certainly have "exponential potential".
IF (big IF) this went down.... it would be HUGE (in terms of internet related news in Korea) and drastically change the Korean internet (portal) landscape. A coup for Yahoo...but don't really see how it do anything for NHN other than make its executives richer (not that that isn't a good motivation. heh =P)
[edited by: bill at 10:26 am (utc) on May 17, 2005]
[edit reason] fixed link [/edit]
"Yahoo Korea will not be able to stay afloat in the hyper-competitive Korean market without mergers. In this climate, NHN is the only key to the firm's survival," Jeong said.
That's certainly saying something there. Given this sort of situation Yahoo would have a dominant stake in at least 2 of Asia's most influential markets (Korea & Japan). Yahoo's moves in China with 3721.com and Yisou have done well, but Baidu still trumps them there. This sort of move in the Korean market would really stop Google dead in its tracks.
I noticed the article you referenced was about a month old. Are there other reports about this more recently?
