The Indonesian media is still buzzing from the Bakrie deal with Path and many are contemplating all sorts of strategies and schemes that the Bakrie Group might do with Path as if it had acquired the company outright. Somehow the idea that Bakrie Group did not, seems to have been deflected off their thick skulls. Once again, Path hasn’t been acquired by anyone. Anyone who thinks so is an idiot.
Continue reading No, Bakrie Group Did Not Acquire Path, and Yes, It’s Still a Great App
Tag Archives: bakrie group
Outrage Over Announcement That Path Accepted Investment from Bakrie Group
I’ve only been up for about an hour this Saturday morning and a huge news dropped courtesy of Kara Swisher on Re/Code. Something that I suspected back in November came to reality. Indonesia’s Bakrie Group, run by conglomerate Anindya Bakrie, led a USD 25 million investment in Path. Path CEO Dave Morin had made two trips to Indonesia in the past three months (most recently last week) and it quickly bore fruit.
Continue reading Outrage Over Announcement That Path Accepted Investment from Bakrie Group