Kakao is considering selling SM Entertainment
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"According to industry sources on the 9th, Kakao Entertainment's CEOs, Kim Sung-Soo and Lee Jin-Soo, are expected to step down.
The new CEO of Kakao Entertainment has yet to be decided.
Kakao is reportedly considering the sale of SM Entertainment due to legal risks. While 2-3 companies have shown interest, the sale might significantly alter the direction of Kakao's global entertainment business, hence they are taking a cautious approach.
An industry source said, "There is a company willing to become the owner of SM by offering about 2.5 trillion won. Given Chairman Kim Beom-Soo's decision to focus on core businesses to transform the company's DNA into an AI firm, rapid changes in Kakao are expected."
[단독]인적쇄신·계열사 통합 나선 카카오…엔터테인먼트 CEO 교체[이데일리 김현아 기자] 카카오(035720)가 기업 문화 개선과 핵심사업 집중을 위해 인적 쇄신은 물론 계열사 통합에 나서고 있다. 인공지능(AI) 등 중요 사업에 집중하겠다는 의미지만 사업철수나 계열사 통폐합 과정에서 투자자나 주주들의 반대가 예상되기도 한다. 이 과정에서 전방위…v.daum.netWonder which company the industry source is talking about
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Meh weren't they also planning to sell Starship? If its true it is likely Hybe will buy SM but I wouldn't count on it as SM artists are million sellers and that would make IVE the only million seller group in Kakao. I know Kakao is a tech company first and foremost, but it look so stupid to sell their only companies that sell millions while they keep companies of other groups that sell half of that at most.
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"According to industry sources on the 9th, Kakao Entertainment's CEOs, Kim Sung-Soo and Lee Jin-Soo, are expected to step down.
The new CEO of Kakao Entertainment has yet to be decided.
Kakao is reportedly considering the sale of SM Entertainment due to legal risks. While 2-3 companies have shown interest, the sale might significantly alter the direction of Kakao's global entertainment business, hence they are taking a cautious approach.
An industry source said, "There is a company willing to become the owner of SM by offering about 2.5 trillion won. Given Chairman Kim Beom-Soo's decision to focus on core businesses to transform the company's DNA into an AI firm, rapid changes in Kakao are expected."
https://v.daum.net/v/20240109172722770
Wonder which company the industry source is talking about
I heard one of them is a Chinese or a middle eastern company that is offering 2.5 trillion won and the other one is of course Hybe 😂🙏
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With the ongoing trial against Kakao's chairman and CEOs for stock manipulation this seems like a possible way out that they're preparing if things don't go their way. As long as the trial drags on it's hurting their reputation as well, so maybe they'll try to come to an agreement through this.
Kakao also wants to go full in on AI so they'll need some investments for that as well which they can get through selling some assets. Kpop in the end might have felt too much of a distraction for them lol especially with growth stagnating
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lmao
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Someone call Bang PD
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Display More
"According to industry sources on the 9th, Kakao Entertainment's CEOs, Kim Sung-Soo and Lee Jin-Soo, are expected to step down.
The new CEO of Kakao Entertainment has yet to be decided.
Kakao is reportedly considering the sale of SM Entertainment due to legal risks. While 2-3 companies have shown interest, the sale might significantly alter the direction of Kakao's global entertainment business, hence they are taking a cautious approach.
An industry source said, "There is a company willing to become the owner of SM by offering about 2.5 trillion won. Given Chairman Kim Beom-Soo's decision to focus on core businesses to transform the company's DNA into an AI firm, rapid changes in Kakao are expected."
https://v.daum.net/v/20240109172722770
Wonder which company the industry source is talking about
Only Hybe can really afford or some rich SA/Chinese.
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Plot twist: YG buys them and then we don't have to argue over worst Big 3
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Hybe too busy beefing with local Korean gov like Disney does. Over BTS sculpture etc. They better be careful before they get humbled by the government. Government can be real fuckn petty. HYBE buying all these agencies up. Kakao got hit once with a monopoly law. HYBE will be staring down that barrel too and get both barrels on monopoly anti trust and be force separated into separate companies without their consent on who runs them. So they better tread lightly. Nobody not even hybe or BTS is above getting slapped. The only thing above the Korean government is Samsung because Samsung controls literally everything 🤣
The Three truths of Korea death taxes and Samsung
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Hybe too busy beefing with local Korean gov like Disney does. Over BTS sculpture etc. They better be careful before they get humbled by the government. Government can be real fuckn petty. HYBE buying all these agencies up. Kakao got hit once with a monopoly law. HYBE will be staring down that barrel too and get both barrels on monopoly anti trust and be force separated into separate companies without their consent on who runs them. So they better tread lightly. Nobody not even hybe or BTS is above getting slapped. The only thing above the Korean government is Samsung because Samsung controls literally everything 🤣
The Three truths of Korea death taxes and Samsung
Why should BTS get slapped? Not their decision, but Hybe's.
BTS are just shareholders worst case scenario.
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lmao that place is a dumpster fire
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