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Announced

Kakao to acquire a 9% stake in SM Entertainment for $173m.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Single Bidder

Private

Friendly

Pending

Domestic

Minority

Entertainment

South Korea

entertainment company

Synopsis

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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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