10

12

News
Posted by beansss AKP STAFF Monday, March 16, 2020

Kakao M acquires nearly $170 million in new shares from investor Anchor Equity Partners

AKP STAFF

On March 16, integrated contents production company Kakao M announced the acquisition of new shares from a new global investor, Anchor Equity Partners

The company has received approximately 210 billion KRW (~ 170 million USD) in shares to be used in expanding and developing original contents productions, Kakao M revealed. "The investment will consist of an acquisition of 1,147,974 new shares, allocated by a third party in the form of capital increase with consideration. This marks the biggest investment by a foreign investor in any domestic contents production company of this year," Kakao M added on.

The investor, Anchors Equity Partners, also relayed, "We have decided to go forward with this investment after highly assessing Kakao M's potential for growth in business areas such as digital, screen, and live contents platforms, as well as contents expansion, etc." 

Through this opportunity, Kakao M will be seeking to develop new original contents related to music and videos. The first step in this process consists of the building of a new large-scale studio currently in progress, equipped with filming, editing, dubbing, and recording abilities. 

  1. misc.
2 3,533 Share 45% Upvoted

0

coco_puffs-2,741 pts Monday, March 16, 2020 0
Monday, March 16, 2020

[+] This user has a poor community rating, click here to read this comment.

Share

0

jokbal_is_yum3,576 pts Monday, March 16, 2020 0
Monday, March 16, 2020

Well!
Now THIS sounds highly interesting..... I'll watch this company a bit closer now, they sound like they're about to shove themselves into all sorts of different entertainment and production areas.

Share

SHOW ALL COMMENTS

SF9
4 hours ago   7   1,024

allkpop in your Inbox

New Message

SEND