186

19

General

Louis Vuitton reported to be seeking $100 million investment into YG Entertainment

Posted by alim17311 pts Wednesday, August 13, 2014
misc.

YG Entertainment and LVMH Moët Hennessy • Louis Vuitton S.A were revealed to be in the process of discussing a large private equity fund investment.  


When YG Entertainment was asked by the Korea Exchange for a public announcement regarding this attraction of investment, the agency replied, "We received offers for investment and business collaboration from a third party, so we are in the midst of reviewing the attraction of investment including capital increase by issuing new stocks and allotment to the third party.


We have not yet decided on anything.  We will release full disclosure once we've reached a concrete conclusion within a month."


SEE ALSO: Comedian Park So Young and former baseball player Moon Kyung Chan tie the knot



Through its affiliated private equity fund, L Capital Asia, Louis Vuitton is seeking to invest 100 billion won (~ approximately $100 million USD) in YG Entertainment.  This investment will be about 14% of YG's market capitalization of 700 billion won (~ $700 million USD).


The two sides entered negotiations in June and have not yet reached an agreement. Meanwhile, YG Entertainment's share prices rose around 15% from 40,550 won ($39 a share) to 46,600 won ($45 a share) after this news was revealed.

  1. misc.
  2. YG ENTERTAINMENT
  3. LOUIS VUITTON
0 117,959 Share 91% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
2NE1, Park Bom
Jang Na Ra
SHINee, Minho
DAY6, Park Myung Soo, Yoo Jae Suk
Kal So Won
Song Min Ho (Mino)
Junho
Go Hyun Jung
Jeon Yeo Been , Nam Goong Min
Stray Kids
Apink
2NE1, Park Bom
Jang Na Ra
BLACKPINK, Rosé
(G)I-DLE, Miyeon
New Message

SEND