Talent agency Cube Entertainment has merged with its subsidiary Cube DC, marking the birth of a larger and more diverse company.
On August 27, Cube Entertainment announced, “To increase our economic competitiveness and foster the synergy effect between the firms, we decided to acquire Cube DC.”
The companies approved the merger with a swap ratio of 1:0, meaning that Cube Entertainment has acquired 100% of Cube DC’s shares. Consequently, there will be no substantial change in the issuance of stocks.
It is unclear whether the merger will result in an increased amount of collaborative efforts among the artists and whether Cube DC artists will participate in the United Cube concert.
Cube DC has been the home to artists Rain, Shin Ji Hoon, No Ji Hoon, and actor Kwak Seung Nam, whereas Cube Entertainment hosts idol groups 4Minute, BEAST, G.NA, BTOB, Kim Ki Ri, Oh Ye Ri, Na Jong Chan and Cho Seo Ha, among others.