Kakao Leisure denies studies about obtaining Lee Soo Guy’s stocks in SM Leisure : Bollywood Information – Bollywood information

Following the continuing rumors about Kakao Leisure obtaining SM Leisure, a spokesperson from Kakao clarified and denied the studies of the possible acquisition.

Kakao Leisure denies studies about obtaining Lee Soo Guy’s stocks in SM Leisure

Consistent with Korean tabloid Soompi, closing yr, it used to be reported that HYBE, CJ ENM, and Kakao have been all competing to procure Lee Soo Guy’s stake in SM, with HYBE’s be offering stated to had been rejected. On the other hand, that very same morning, Kakao formally clarified that not anything but have been determined.

A spokesperson for the corporate said, “As a way to support the competitiveness of our world content material industry, we have now been constantly reviewing all kinds of imaginable measures, together with partnerships and fairness funding, however in this day and age, not anything concrete has but been determined.”

Prior to now, it used to be reported that SM Leisure’s founder and head manufacturer Lee Soo Guy has post roughly 18.7% of his stocks in SM Leisure on the market and on March 11, a Korean media outlet reported that Kakao had agreed to buy the ones stocks within the corporate and has presented Lee Soo Guy as much as 1 trillion KRW (over Rs. 6100 crores) for the purchase, the biggest share of stocks owned in SM Leisure.

Again in October, SM Leisure close down rumors that CJ ENM’s acquisition of Lee Soo Guy’s stocks have been finalized, pointing out, “We’re recently in discussions with numerous firms relating to more than one imaginable angles.” CJ ENM in a similar way spoke back, “Whilst we’re recently reviewing a various array of strategies for the expansion of our tune industry, not anything has been finalized.”

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