56

22

News
Posted by Janie-Reign Sunday, October 18, 2020

Fair Trade Commission officially approves Big Hit's acquisition of Pledis Entertainment + confirms that there are no restraints on competition

AKP STAFF

Big Hit Entertainment's acquisition of Pledis Entertainment has been officially approved by the Fair Trade Commission.

On October 18, FTC officially approved Big Hit's acquisition of Pledis and relayed that the merging of businesses would go on without a restriction on competition. 

As competition would be crucial in building a strong foundation, the acquisition would result in a revitalization with reference to each company's related markets. Furthermore, both entertainment companies will continue to remain independent in terms of production, while artists contracted under Pledis Entertainment will receive more systematic business support from Big Hit's larger corporate body. 

Back in May of 2020, Big Hit Entertainment began to take official measures to acquire Pledis Entertainment, becoming the company's biggest shareholder. 

  1. misc.
2 9,648 Share 72% Upvoted
 
jamietkh
jamietkh712 pts Tuesday, October 20, 2020 0
Tuesday, October 20, 2020

Congrats Pledis & BHE on the successful approved M&A! Stakeholders & shareholders hearing potential increasing "cha-ching" on BHE year-end bottomline ROI!!!

0 (+0 / -0)
Share
 
Eunbean
Eunbean2,337 pts Monday, October 19, 2020 0
Monday, October 19, 2020

Big Hit family!!

0 (+1 / -1)
Share

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
F.T. Island, Hongki
Weki Meki, Kim Do Yeon
Buzz
Buzz
Taemin
KATSEYE
TWICE, MISAMO
misc.
F.T. Island, Hongki
allkpop, CLASS:y
F.T. Island, Hongki
misc.
TWICE, MISAMO
Weki Meki, Kim Do Yeon
aespa, Karina, J.Y. Park
New Message

SEND