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Kakao offers to buy 35% of K-pop firm SM in growing battle

Por: Associated Press Tech March 07, 2023

HONG KONG (AP) — South Korean technology firm Kakao launched a tender offer to buy up to 35% of K-pop agency SM Entertainment and become its largest shareholder, escalating Tuesday a battle with entertainment firm Hybe for control of the company.Kakao offered a tender price of 150,000 won ($115) per share, making the total value of the offer 1.25 trillion won ($960 million). SM, the group behind popular K-pop groups such as NCT and aespa, saw... + full article



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