Daum Kakao acquired Path and Path Talk applications
Path founder Dave Morin has announced this week that Path, the social networking application will be sold to Daum Kakao. Both Path and Path Talk applications will now be part of Daum Kakao network, makers of Kakaotalk messaging application with 100 million+ users. This move is to expand Path’s reach in Southeast Asia. Path and Path Talk applications will continue to work and will be updated regularly. Below is the full statement from Dave Morin, CEO and Co-Founder of Path, Inc.
In 2010 a small team of us set out to build a company focused on quality products that bring you a source of happiness, meaning, and connection. Five years later, Path continues to follow that simple mission primarily within communities in Southeast Asia. We have reached a tipping point on our journey and for Path to truly grow we need more resources and a larger local team that deeply understands Southeast Asian markets. That is why today we are announcing a definitive agreement under which Daum Kakao will acquire Path and Path Talk. Kong will continue to operate as part of Path, Inc.
Path and Daum Kakao share an important core value: we both strive to better connect you to the people, places and things that are the most important to you.
What does this mean for you? Nearly everything you have come to love about Path and Path Talk will remain as is. Daum Kakao’s extensive experience in mobile innovation along with a network of millions of users will ensure continued and reliable service. Future product updates will continue to improve connecting, sharing and communicating in the Path community.
Along our journey we have celebrated some wonderful successes and learned valuable lessons. All of which have shaped Path into the product it is today. Like many social networks and consumer apps, our intent was to create a meaningful product loved and used globally. We are very proud that Path found a home with over 10 million people a month around the world.
On a personal note, thank you for all your support and feedback throughout the years. I feel incredibly fortunate to have had this opportunity to serve you. I also couldn’t be more proud to be part of a team of people who created a network with happiness at its core — a personal network that brings out the best in all by fostering nearly 600M genuine friendships and 400M moments viewed per day.
I am excited to see what the future holds for Path and feel confident that Daum Kakao will take great care of the Path community.
Thank You,
Dave Morin, CEO & Co-Founder of Path, Inc.
