Kakao M completed the acquisition of Management SOOP for $13m.

Synopsis

Kakao M, a South Korean entertainment company, completed the acquisition of Management SOOP, a South Korean actors agency, for $13m. With this deal Kakao is planning to become a large comprehensive content platform company in the future.

Principals

target

Management Soop

bidder

Kakao Entertainment

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Market Context

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Seller Team (1)

kim jang-kyun

CEO at MANAGEMENT SOOP

Manager

target

Deal

£ 10 M

Total Value

Bidder Team (1)

stephan kim

CEO at KAKAO ENTERTAINMENT

Manager

bidder

Deal

£ 10 M

Total Value

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