Telecommunications & Media
Uber considers buying control of Kakao Mobility?
Uber and Kakao Mobility both appeared to distance themselves from reports that Uber is weighing an acquisition of management control of Kakao Mobility. Uber was reported to have conveyed its intent to the major shareholder side and to be conducting due diligence in connection with a possible stake purchase. Kakao Mobility cited lack of knowledge, while a local Uber Taxi official said there was no official position and that it was being checked.
