Kakao In Talks To Acquire BH Entertainment And Management SOOP
South Korean IT company Kakao may be venturing further into the entertainment industry by acquiring two entertainment agencies.
It was previously reported that after Kakao acquired Loen Entertainment and launched Kakao M, it was now looking to expanding further into the entertainment industry with a focus on large, actor-centered agencies.
On June 26, BH Entertainment and Management SOOP responded to reports of being acquired by Kakao.
A source from BH Entertainment said, “It’s true that we’re discussing the acquisition with Kakao, but nothing has been confirmed yet.”
A source from Management SOOP also stated, “Nothing has been confirmed.”
This is in response to reports from those in the investment banking industry who said that Kakao was planning to acquire BH Entertainment and Management SOOP. According to the media, the acquisition is in order to expand the video contents company sector that will be a division of Kakao M.
BH Entertainment currently houses actors including Lee Byung Hun, Go Soo, Han Ji Min, Han Ga In, Chu Ja Hyun, Yu Xiaoguang, Yoo Ji Tae, Kim Go Eun, Park Hae Soo, Lee Ji Ah, Jang Young Nam, Lee Hee Joon, Jin Goo, Park Sung Hoon, Gong Seung Yeon, Byun Woo Suk, Karata Erika, and Sean Richard.
Management SOOP represents many actors such as Gong Yoo, Jeon Do Yeon, Gong Hyo Jin, Jung Yoo Mi, Nam Ji Hyun, Seo Hyun Jin, Kim Jae Wook, Lee Chun Hee, Yoo Min Kyu, Lee Jae Joon, Jung Ga Ram, and Jeon So Ni.