Kakao secures 40% stake in SM Entertainment through tender offer

Summary by The Korea Times

Korean tech giant Kakao said Tuesday that it has secured a total 40 percent stake in SM Entertainment through a tender offer, gaining management control over the K-pop powerhouse.

Published 2 months ago

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The Korea Times

Kakao secures 40% stake in SM Entertainment through tender offer

Korean tech giant Kakao said Tuesday that it has secured a total 40 percent stake in SM Entertainment through a tender offer, gaining management control over the K-pop powerhouse.

2 months ago·Korea, Republic of

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