Anchor invests in entertainment unit of Korea's Kakao
Anchor Equity Partners is paying KRW209.8 billion ($163 million) for an approximately 13% stake in the music and entertainment division of Korean internet giant Kakao.
Anchor will acquire about 1.1 million shares in Kakao M at a price of KRW182,771 across two tranches to be finalized in May, according to a filing. This represents a 49% premium versus a pre-IPO offer...
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