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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.

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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.

·Korea, Republic of
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The Korea Times broke the news in Korea, Republic of on Tuesday, March 28, 2023.
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