SM Entertainment acquires 11.4% in DearU for $9.2 mn

Q: How long will it take to read this news story?

The story "SM Entertainment acquires 11.4% in DearU for $9.2 mn" has 414 words across 21 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SM Entertainment acquires 11.4% in DearU for $9.2 mn" was covered 1 days ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 7 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27457690</li><li>URL: https://beamstart.com/news/sm-entertainment-acquires-114-in-17433892406803</li></ul>

Korea Economic Daily Logo Korea Economic Daily 1d ago

SM Entertainment acquires 11.4% in DearU for $9.2 mn - Korea Economic Daily

Quick Summary:

DearU is set to service Bubble in China in partnership with Tencent Music Entertainment Group (TME), China’s largest music platform company, in the first half of this year, raising expectations that the Korean company would enjoy an additional tens of billions of wons in revenue.

SM Entertainment Co., South Korea’s music powerhouse behind internationally popular boy and girl bands like EXO and Aespa, has acquired an additional 11.4% in DearU Co., the local operator of a global pop artist-fan communication platform.

SM Entertainment took over 1,911,351 DearU shares from another major Korean entertainment company JYP Entertainment Corp.and the remaining shares from DearU’s chief executive officer and other senior executives.