Announced
Financials
Sources
Tags
Acquisition
Single Bidder
Private
Friendly
Pending
Domestic
Minority
Entertainment
South Korea
entertainment company
Synopsis
Kakao, a South Korean internet company, agreed to acquire a 9% stake in SM Entertainment, a multinational entertainment agency, for $173m. “We hope to work together in competing in the heavily contested global music and content market through this investment,” Bae Jae-hyun, Kakao Chief Investment Officer.
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