So KAKAO now 'owns' rookies aespa, STAYC, IVE, Weeekly... & seniors IU, APink, SNSD, RV, NCT, SHINee, WJSN, Monsta X, The Boyz

Didn't they deny the acquisition ?

Quote from bartkun

So Kakao just wow

I've read news that they've acquired Lee Sooman shares and it hit me that thanks to shares in multiple companies they have best line-up of artists, it's just crazy to think that they have three best charting 4th gen groups which still are in 'rookie' period.

It's even hard to count, but also made me remember that Kakao also have shares in Antenna which is now home to Yoo Jaesuk, Mijoo, and other top 'entertainers'...

I once read interview with Kakao CEO when he said that there is possibility they will transition into Entertainment Agency and it seems like they are doin it

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Kakao officials denied the acquisition rumors.

www.allkpop.com/article/2022/03/kakao-denies-reports-that-it-is-acquiring-sm-entertainment

such a nugu company oh ma gad

Quote from alexS

I wont bother saying it twice.

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That's my reply on the main page.

Okay sure. Not a straight denial. But definitely not a confirmation.

Everyone is acting like it's a 100% truth, when all we have is rumors spreading.

I'd rather wait for hard confirmation before theorycrafting what this means for the Kpop future.

Quote from alexS

Exactly what I said.

That's as bartkun said happened with Sakura and Hybe.

It's legalese for we leaked this in advance to get hype but until the contracts are signed we won't say shit.

I'll still wait for the actual facts.

Otherwise it's like catching sand and chasing cats.

People were making the same threads about CJ x SM. Just wait...

The "Big 3/4" is about to look very different lmao.

If even SM can be acquired, there's no limit.