Kakao - CMU | the music business explained

Kakao founder faces arrest in SM share manipulation probe

public

Kakao • 1 min read

Kakao founder faces arrest in SM share manipulation probe

The dramas continue following last year’s battle between Kakao and HYBE for control of SM Entertainment. HYBE accuses Kakao execs of illegal stock manipulation during the takeover battle. South Korean prosecutors now want to arrest Kakao founder Kim Beom-su in relation to those allegations…

Chris Cooke • 17 Jul 2024

Kakao insists it isn’t selling the SM Entertainment shares it fought so hard to acquire

public

SM Entertainment • 2 min read

Kakao insists it isn’t selling the SM Entertainment shares it fought so hard to acquire

There have been rumours of late that South Korean internet firm Kakao was planning on selling its controlling stake in K-pop company SM Entertainment, which it acquired last year following a bidding war with Hybe - however, both Kakao and SM have now issued statements insisting that’s not true…

Chris Cooke • 08 Feb 2024

CMU Digest: YouTube’s voice-cloning announcements, Stability AI audio chief resigns over the company’s fair use position + more

public

CMU Digest • 5 min read

CMU Digest: YouTube’s voice-cloning announcements, Stability AI audio chief resigns over the company’s fair use position + more

In this week's digest: YouTube launches a new voice cloning tool; Stability AI’s audio chief resigns over its insistence that training AI is ‘fair use’; Spotify’s new anti-fraud fines are criticised + more…

Chris Cooke • 18 Nov 2023

Kakao exec indicted following the big battle with HYBE for control of SM

public

Kakao • 1 min read

Kakao exec indicted following the big battle with HYBE for control of SM

The Chief Investment Officer of South Korean tech firm Kakao has been indicted over allegations he sought to artificially inflate the share price of K-pop company SM while battling with HYBE for control of that business…

Chris Cooke • 14 Nov 2023

Kakao secures controlling stake in SM Entertainment, but Hybe left with half its stock

public

Hybe • 1 min read

Kakao secures controlling stake in SM Entertainment, but Hybe left with half its stock

South Korean internet firm Kakao has got itself the 40% controlling stake it wanted in K-pop powerhouse SM Entertainment. So…

Chris Cooke • 29 Mar 2023