Kakao "No Decision Made Regarding Acquisition of SM Entertainment Shares"
[Asia Economy Reporter Kwon Jae-hee] Kakao announced on the 12th that it has been continuously reviewing various measures such as business suspension and equity investment to strengthen global content business competitiveness, in response to some media reports about the 'competition between Naver, Kakao, and SM Entertainment for acquiring shares,' but currently, no specific decisions have been made.
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It added, "We plan to re-disclose related matters either when they are confirmed or within three months."
This content was produced with the assistance of AI translation services.
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