South Korean tech major Kakao acquires 40% stake in K-Pop agency SM Entertainment
28/03/2023 05:31
SEOUL, March 28 (Reuters) - South Korea's Kakao Corp
035720.KS and affiliate Kakao Entertainment have acquired a
40% stake in K-Pop agency SM Entertainment 041510.KQ , the
agency said on Tuesday.
It included the acquisition of a 35% stake through a tender
offer, the agency said in a regulatory filing.
(Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
((joyce.lee@tr.com;))
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