Kakao Entertainment Decides to Absorb and Merge Melon Company
[Asia Economy Reporter Kim Daehyun] Kakao announced on the 15th that its subsidiary Kakao Entertainment has decided to absorb and merge Melon Company. The purpose of the merger is to "increase management efficiency and strengthen business capabilities." The merger ratio is 1 to 7.8367918, and the merger date is set for September 1.
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