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Google Buys TNC
Source: Google News    9/12/2008 3:47:22 PM
TNC co-chief executive Chang Kim announced the acquisition on his personal blog, saying that the deal would boost Google's market share in Korea, where portals like Yahoo Inc. are very popular. He also added that TNC would try to introduce its blogging platform, known as Textcube, outside Korea.

In a statement, Google said it was pleased to welcome TNC's engineers to its team in a deal that would "enhance our online publishing tools in Korea."

Google already owns a blogging software service, called Blogger. But it's a minor player in the Korean market, where blogging is a popular pastime.

Google has tried to expand its reach into new markets through acquisitions before. In July, the company purchased Russian online advertising company ZAO Begun for $140 million.

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Google Buys TNC


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