Kakao offers to buy 35% of K-pop firm SM in growing battle

Kakao offers to buy 35% of K-pop firm SM in growing battle

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HONG KONG -- South Korean technology firm Kakao launched a tender offer to buy up to 35% of K-pop agency SM Entertainment and become its largest shareholder, escalating Tuesday a battle with entertainment firm Hybe for control of the company. Kakao offered a tender price of 150,000 won ($115) per…

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