Kakao buys SM

HOLY COW.

I thought CJ was going to be the first big player in Kpop by buying SM but it turns out to be Kakao instead.

We need WhyKnock to give his deep dive analysis into the consolidation of Kpop.

In 10 years, i think the Big 4 will just be a memory, all the current labels will be acquired by giant conglomerates, just like how Warner, Sony and UMG control the US music market.

CJ, Kakao, and perhaps one more giant corporate entity (Naver? Samsung? )will end up running Korea's music industry.

Anytime I read "exclusive" I mentally replace it with "rumor".

We'll see if this ends up actually being true. Even if it is, it doesn't give them absolute control of SM.

Interesting

That's crazy.... Wonder what'll come of this?

interesting

What happened to CJ deal?

Are we cacao stans now?

From now on, everytime anyone from SM even touches the top 50 of melon we won't fucking hear the end of it.

finally someone to offload my shares to!!!

Genuine question for someone who knows about Kakao and CJ: which company do you think is the less bad and why? CJ is bigger than Kakao right? They are a massive chaebol

Link

Kakao overtakes CJ to embrace SM Entertainment

Input 2022.03.11. 11:17 am
  Modified 2022.03.11. 11:23 am

Correspondent Kim Chae-yeon

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Lee Soo-man SM Entertainment Executive Producer

Kakao embraces SM Entertainment, Korea's representative entertainment agency . With this acquisition, Kakao plans to be reborn as a representative entertainment agency in Korea. According to the investment banking ( IB ) industry on the

11th , Kakao Entertainment (Kakao Entertainment), an entertainment affiliate of Kakao, is in final negotiations to acquire an 18.72 % stake held by SM Entertainment's largest shareholder, Lee Soo-man, executive producer. It is reported that the deal is being discussed in a way that Kakao Enter will take over all of the producer's stake, and then the producer will reinvest in Kakao Entertainment. Kakao Entertainment plans to increase its stake by acquiring new shares to be issued by SM Enter. The total transaction amount is around KRW 1 trillion. The two sides plan to sign a stock purchase agreement ( SPA ) as early as next week.

As for SM Entertainment, CJ Group was originally mentioned as a potential takeover candidate, but it is known that negotiations between the two sides broke down at the end of last year. The two sides agreed on the transaction amount in a broad framework, but it is reported that they could not narrow their differences on business plans such as Metaverse and Non-Fungible Token ( NFT ) in the future. SM afterAs Enter resumed negotiations with Kakao, the negotiations between the two sides took off.

With the acquisition of SM

Entertainment, Kakao is expected to become one of the top three entertainment agencies in Korea along with Hybe and YG Entertainment. Kakao's acquisition of SM Entertainment is an extension of its efforts to take the lead in the global content market with Naver. Although Kakao Entertainment has dozens of affiliates such as Antenna, many evaluated that it lacked competence compared to Naver. Now , by joining hands with SM Entertainment, it is expected that the intellectual property rights of SM Entertainment stars will be applied to the Kakao platform to increase their influence in the global market.

An IB industry official said, "Kakao continued to show interest in the acquisition to SM Entertainment even when this producer was negotiating with CJ . " I know it has been fully accepted,” he said.

will they bring singing live though?

His shares have been bought like a 50 times now

Quote from BlackpinkHouse

HOLY COW.

I thought CJ was going to be the first big player in Kpop by buying SM but it turns out to be Kakao instead.

We need WhyKnock to give his deep dive analysis into the consolidation of Kpop.

In 10 years, i think the Big 4 will just be a memory, all the current labels will be acquired by giant conglomerates, just like how Warner, Sony and UMG control the US music market.

CJ, Kakao, and perhaps one more giant corporate entity (Naver? Samsung? )will end up running Korea's music industry.

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All these SM acts, old and young, now have to bow to Lee Jieun, the most senior entertainment figure of all of Kakao.

Lol can’t trust korean charts anymore

Anyway are we getting melon passes now with the albums

Genie became Flo became melon

Quote from quarkie

The new FLO coupon.

Read the QRTs of the tweet in op, there are already deranged hybe stans preparing the groundwork for future dragging. They work fast.

It's fake

"WOW Exclusive"

Quote from quarkie

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At this point I'm convinced they're just trolling twitter user tmikpop and their followers

Quote from quarkie

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Swing and missssss for the 50th time now lol. Is that old man ever selling his stock lol

What do they call it when a Deja vu happens 10+ times?

Quote from chounim

Are we cacao stans now?

It doesn’t have that right ring to it. RIP SM stans

Quote from MakotoNijima

Genuine question for someone who knows about Kakao and CJ: which company do you think is the less bad and why? CJ is bigger than Kakao right? They are a massive chaebol

As long as it's not foreign investors ITS GOOD

Shit would have hit the turbo jet if the reports of selling to Chinese investors were true

at this point LSM doesn't wanna sell

He is just keeping the speculation on SM shares high so the price will stay high

Fuck the qrts of the OP are embarrassing

At this point LSM might just be trolling to see the same people foam at the mouth

Quote from chounim

From now on, everytime anyone from SM even touches the top 50 of melon we won't fucking hear the end of it.

Which will be super weird and clearly biased since IU's company is literally under Kakao for so many years now yet no one even chirp about it.

Also is that twitter account the army infested source one? Judging by the replies and qrts there seems to be a lot of 7s floating around. And they're talking about Monopoly when Hybe controlled 33% of the market, I have to laugh.

No wonder YG and big hit has been tight lately when all these big K companies are making their moves. I wonder what JYP’s plan are gonna be?

Kakao would have to be another level of dumb to buy sm stock when it's at an all-time high.

So no one is actually buying but rumors about it all the time? Wasn't even hybe part of the rumors some many months ago 😂

LSM printing money selling his shares multiple times