Genie Music Decides to Acquire 38.63% Stake in Millie's Library
[Asia Economy Reporter Lee Seon-ae] Genie Music announced on the 10th that it has decided to acquire 253,697 shares of Millie's Library for approximately 46.4 billion KRW. After the acquisition, its stake will be 38.63%. The company explained that this is for "acquiring management rights to create synergy with existing businesses and strengthen business competitiveness."
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