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Kakao Inc. Acquires MelOn for 1.87 Trillion Won

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As of January 11, communications giant Kakao Inc. has acquired a 76.4 percent stake in Loen Entertainment, the company behind MelOn, for 1.87 trillion won (approximately $1.56 billion). MelOn is the biggest music content provider in Korea. Amongst the international community, it is mostly known for its use by fans to purchase digital music and […]

The post Kakao Inc. Acquires MelOn for 1.87 Trillion Won appeared first on Soompi.

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