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Welcome To IANS Live - SCIENCE - Google to invest over $44 mn in taxi-hailing firm Kakao Mobility

Welcome To IANS Live - BUSINESS - Google to invest over $44 mn in taxi-hailing firm Kakao Mobility

Photo Credit: IANS IANSLive Seoul, April 2 (IANS) Tech giant Google will invest more than 50 billion won ($44.15 million) in Kakao Mobility Corp., the top taxi-hailing company in South Korea. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 02-April-2021

Google to invest over $44 mn in taxi-hailing firm Kakao Mobility

Google to invest over $44 mn in taxi-hailing firm Kakao Mobility ​ By IANS | ​ 4 Views Google.. Image Source: IANS News Seoul, April 2 : Tech giant Google will invest more than 50 billion won ($44.15 million) in Kakao Mobility Corp., the top taxi-hailing company in South Korea. Google will invest in Kakao Mobility by acquiring new shares worth 56.51 billion won, according to a regulatory filing from Kakao. The deal, which places Kakao Mobility s total value at 3.35 trillion won, will give Google a 1.69 percent stake in the firm, which operates taxi-hailing service Kakao T and has 28 million users. Through the investment, the two companies agreed to cooperate in the development of cloud-based artificial intelligence technology and create synergy between Google services and Kakao Mobility s platform.

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