5) Kakao, the umbrella corp, has also been engaged in selling subsidiaries and has been exploring selling DAUM, it's internet portal https://t.co/JjgXQiSS5H 6) Kakao Group itself is the 5th largest conglomerate in Korea with a value of 100Tr

3) Dolphiners Group is too tiny of a subsidiary to have any impact on the valuation of Kakao Ent 4) Kakao Ent's sale price is likely somewhere below 11Tr https://t.co/yWa3kIINLt

Reading through some of the comments and quote tweets: 1) Kakao Ent has never been for sale before. Parts of Kakao Ent have been rumored for sale and parts have been sold 2) A letter to shareholders is a serious statement of intent

TLDR: Kakao Ent has failed to go public and Kakao is going to sell management rights. I know many of you will wonder about Hybe and I think the sale would not be approved by the Fair Trade Commission.

Bell Korea noted that Anchor has been looking to unload its shares for a while and that the key will be to find a structure that coordinates the sentiments of the investors who need an immediate exit and those who want to preserve their investment. https://t.co/Gj6RGbzbn1

PIFs and GICs that recently invested in hopes of an IPO are unlikely to participate in a sale that fails to deliver expected returns. https://t.co/YtJLBWLXW3 This was originally broke by Bell Korea but KED had a more concise article

There is a view that the sale will be challenging due to conflicting interests as Kakao Ent shares are held by various strategic investors and financial investors. Anchor PE, an early investor who invested 10 years ago, is desperate for a quick exit.

Kakao Ent's majority shareholders include: Kakao: 66.03% Hong Kong-based PEF Anchor PE: 12% A special purpose corporation (SPC) created by Anchor PE and Singapore GIC: 6.73% Saudi Arabia PIF: 5.1% Tencent: 4.5%

The number of Kakao Ent subsidiaries grew from 14 in 2020 to 42 as of last year. In 2023, Kakao Ent, alongside Kakao, gained management control over SM Ent and its valuation at one point was estimated to be 20Tr.

Its operating profit was 80.6B, an increase of 16.5% from 2023. Kakao Ent grew through a series of mergers & acquisitions. In 2022, it invested 1Tr to acquire Radish and Tapas. It also acquired Antenna, the agency founded by Yoo Hee-yeol and Yoo Jae-suk.

Kakao Ent operates three main business: Music (entertainment agency), Story (webtoons and web novels) and Media (production company). Melon, Kakao Webtoon, and Kakao Page are its representative businesses. Last year, Kakao Ent generated sales of 1.8tr. This was a 3.2% decrease

Back to article: Kakao Ent total value is believed to be around 11Tr. This was the value set in early 2023 when it received 1.2tr from PIFs and GICs. Buying candidates include game companies such as NCSoft and Kraft and large entertainment companies such as Hybe, and PEFs.

liquidated Tapas Media and Radish Fiction in the US. Also related is how poorly Naver Webtoon stock is doing. Naver Webtoon went public on June 26, 2024, closing at $23 per share on its IPO day. It is now trading at $7.46) https://t.co/NH6oYJBFd5

would not lead to a proper valuation. The company once considered listing on NASDAQ but judged it would not be easy. (Note: the original plan was to list on NASDAQ for 20tr. A large part of Kakao Ent was the webtoon business but that segment has performed poorly and they

major shareholders and executives cashed out after the IPO and enjoyed massive profits but it diluted the Kakao share value: https://t.co/xunPPeJ0UP) Back to article: It is believed Kakao is opting to sell management rights instead of an IPO because current market conditions

Kakao Ent has been preparing for an IPO since 2019 but listing was canceled due to various controversies including other split listings. (Note: Kakao Pay and Kakao Bank both were spun off and listed publicly but it created a lot of controversy because

According to the Investment Banking industry, Kakao Ent sent a letter to major shareholders of Kakao Ent including Anchor Equity Partners, Saudi Arabia's Sovereign Wealth Fund, Singapore's GIC Private Limited, and others announcing its intention to sell.

Kakao intends to sell Kakao Entertainment. This decision was made due to the stagnating IP conditions, making it difficult to receive proper corporate valuation to go public. Kakao Ent's current valuation is said to be around 11tr.

https://t.co/FrQ3zQekVE Note: CBX took issue with this in regards to the settlement at a provided to them by SM https://t.co/PefGG2CJED

Until now there was no specific provision governing how accounting document should be provided to the artists and as a result some entertainment agencies only allow an artist to view them (at the company) and do not provide copies.