[K POP] Loen Entertainment to Acquire Starship Entertainment
D-Bo, Nov. 22, 2013, 6:01 p.m.
In a report by Korea Economy, Loen Entertainment will be acquiring Starship Entertainment. The acquisition is rumored to be somewhere around $13 million. Some entertainers for Starship Entertainment are SISTAR, K.Will, and Boyfriend. Loen Entertainment contracts artists that include IU, Zia, Sunnyhill and more.
Following the investment banking and entertainment industries on November 22, the largest stockholders of Starship Entertainment, President Kim Si Dae and director Seo Hyun Joo, are in the midst of finishing up the merger and acquisition negotiation. Both parties do not have largely different views on the terms of sale, so it appears they will enter into a formal contract sometime next month.