One day after the cancellation of a proposed deal for about nine percent of SM Entertainment, Kakao has moved to purchase approximately 35 percent of the company via a tender offer. This newest twist in the decidedly complex showdown for ownership of SM Entertainment (KRX: 041510) – in which rival K-pop company Hybe (KRX: 352820) […]
The post Kakao Moves to Secure Controlling SM Entertainment Stake After Hybe Tender Offer Falls Short appeared first on Digital Music News…
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