Netmarble Games Corporation completed the acquisition of 25.7% stake in BigHit Entertainment Co., Ltd.
December 30, 2018
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Netmarble Games Corporation (KOSE:A251270) agreed to acquire 25.7% stake in BigHit Entertainment Co., Ltd. for approximately KRW 200 billion on April 4, 2018. Under the terms of transaction, Netmarble Games Corporation will acquire 0.45 million shares for KRW 201.4 billion, the shares being acquired includes preferred shares, but they will be converted into common shares. For the year ended December 31, 2017, BigHit Entertainment Co., Ltd. had total assets of KRW 61.2 billion, net assets of KRW 40.5 billion, sales of KRW 92.4 billion and net profit of KRW 24.6 billion. The transaction has been resolved by the Board of Netmarble Games Corporation. The transaction is expected to be completed by June 4, 2018.
Netmarble Games Corporation (KOSE:A251270) completed the acquisition of 25.7% stake in BigHit Entertainment Co., Ltd. in 2018.
Hybe Co Ltd, formerly Big Hit Entertainment Co Ltd, is a Korea-based company mainly engaged in the business of fostering artists and producing music. The Company is engaged in businesses such as fostering artists, producing music, planning and acting on behalf of performances, distribution of albums and sound sources, production and distribution of video contents, and advertising agency. The Company is also engaged in the development and distribution of artist-based secondary contents such as merchandising (MD), characters, and publications. In addition, the Company also engaged in the software publishing business, food and drink products manufacturing business, and others. The Company sells products in domestic and overseas markets such as the United States and Japan.
HYBE CO., LTD. 
