Kakao Entertainment and Naver Compete to Take Over SM Entertainment's Shares

By
May 27, 2021
Kakao Entertainment and Naver are competing against each other to get one of the "Big 4" company's shares.
Keep on reading to know more.
Kakao Entertainment and Naver Compete to Take Over SM Entertainment's Shares
Kakao Entertainment and Naver are competing to acquire K-content, such as webtoons, web novels, and music. Above all, there is fierce competition in the mergers and acquisitions market. For example, when Naver bought the Canadian reading app Wattpad, Kakao Entertainment will preoccupy the global territory by acquiring the North American app Radish.
It is expected that whoever wins the acquisition for SM Entertainment's shares will be able to gain an advantage within the K-Pop market, as they will be able to collaborate with various popular artists such as EXO, NCT, Red Velvet, aespa, and more. Recently, NCT DREAM's "Hot Sauce" album has been topping music charts, including Japan's Oricon weekly chart.

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