Announced
Financials
Sources
Tags
Domestic
Single Bidder
Tender Offer
Pending
Entertainment
South Korea
entertainment company
Acquisition
Minority
Public
Friendly
Synopsis
Kakao, a South Korean internet company, agreed to acquire a 35% stake in SM Entertainment, a multinational entertainment agency, for $962m. "Kakao decided it is inevitable to secure the largest shareholder position to protect the partnership with SM Entertainment," Kakao.
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