Launch of KAKAO ENTERTAINMENT through strategic merger of Kakao Page and Kakao M
-On 1/25, BoDs of Kakao Page and Kakao M resolved to merge two companies into KAKAO ENTERTAINMENT
-KAKAO ENTERTAINMENT will have an unparalleled value chain which compromises of 50 subsidiaries and affiliates across all verticals of the entertainment industry
-The synergy of combined assets will set the ground for KAKAO ENTERTAINMENT's global expansion
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SEOUL, South Korea, Jan. 25, 2021 /PRNewswire/ -- The Board of Directors of Kakao Page Corp. (hereafter Kakao Page) and Kakao M Corp. (hereafter Kakao M) announced today that they resolved to merge the two companies into a new entity called KAKAO ENTERTAINMENT. The two companies will hold a general shareholders' meeting on January 26 and expect to complete the merger on March 1, 2021.