TMIKpop

5) Kakao, the umbrella corp, has also been engaged in selling subsidiaries and has been exploring selling DAUM, it's internet portal #cb" target="_blank" rel="nofollow noopener">m.sedaily.com/NewsView/2GQ8A… 6) Kakao Group itself is the 5th largest conglomerate in Korea with a value of 100Tr kedglobal.com/management/new…

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 n.news.naver.com/article/009/00…

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

@JamAnna77 is unknown at this time

@JamAnna77 including IST entertainment, 3Y Corporation which is home to QWER, Next Level Studio, etc. It was previously reported they were seeking to sell Starship and SM Ent as well. Whether they will sell these companies off piece by piece or retain them to sell as part of Kakao Ent

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.

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. thebell.co.kr/free/content/A…