JYP Entertainment Acquires Additional 13 Billion KRW Shares of SM Subsidiary DearU
[Asia Economy Reporter Oh Ju-yeon] JYP Entertainment (JYP Ent.) announced on the 4th that it will additionally acquire 2,603,192 shares of DearU, a mobile application development and operation company, for approximately 13 billion KRW. The shareholding ratio is 23.3%.
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The company stated, "This is a strategic investment to create synergy with our artists featured on DearU's Bubble service, as well as a financial investment considering investment returns."
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