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Announced

Kakao to acquire a 35% stake in SM Entertainment for $962m.

Financials

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Transaction Value£799m
Consideration TypeCash
Capital Owned9%
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium15.4%
One Off Charge-

Sources

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Tags

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Domestic

Single Bidder

Tender Offer

Pending

Entertainment

South Korea

entertainment company

Acquisition

Minority

Public

Friendly

Synopsis

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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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