It may not have the jaw-droppingly high valuation of Facebook’s $19 billion acquisition of WhatsApp, but yesterday’s announcement that chat app maker Kakao’s is merging with Korean international portal Daum might be a glimpse into the future for Silicon Valley. Daum is not a familiar name in the US, but the situation it faced leading up to the merger is one that internet firms in the West may soon encounter. It operates Korea’s second largest internet portal, and also offers email, search, a blogging platform, mobile apps and more. Though the company is well established – with over 1,500 staff, and $124 million in revenue and $8 million…
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