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Han Wen: Liu Xilie invested 7 billion yuan in Kakao Entertainment. Kakao Entertainment responded with stock

author:C Yu Dad

Antenna singer Yoo Hee-yeol invested 7 billion won in Kakao Entertainment. It is reported that broadcaster Liu Zaishi refused this request. Kakao Entertainment publicly announced on the 25th of last month that it had granted a total of 431,022 stock purchase options (stock options) to 778 employees. At the same time, in order to raise operating funds, a third-party distribution of 137.7 billion won was decided to distribute paid certifiers, and 539,957 new shares were issued. The paid capital increase was aimed at representative executive artists of the company recently acquired by Kakao Entertainment, and singer Liu Xilie was allocated the most 27,438 shares. The value of the IPO was KRW 255,116 million, which was KRW 7 billion in simple cash terms. This is directly proportional to the scale of cash invested by Liu Xilie in this paid capital increase. In the context of Liu Xilie's investment in this paid capital increase, he remembered the case of selling the music label Antenna he led to Kakao Entertainment. Following the acquisition of a 19% stake in Antenna on May 12, Kakao Entertainment acquired a 100% stake on Aug. 17, fully incorporated as a subsidiary. It is reported that the overall transaction size is about 10 billion won. Liu Xilie believes that Kakao Entertainment may target more arbitrage when it goes public, and the arbitrage tax rate generated during the sale of Antenna can reach up to 27.5%, so he decided to reinvest. It is reported that Liu Zaishi, who joined Antenna, a subsidiary of Kakao Entertainment in July, has also been fighting to grant stock options and participate in paid increasers, but has been rejected by Liu Zaixi. This is to not want to get entangled with the company because of the stake relationship, after joining Antenna to concentrate on the new show. Antenna will unveil Kakao TV "Mess Antenna" on the 15th, announcing the first official cooperation with parent company Kakao Entertainment. The online variety show starring former artists of Antenna, including Liu Zaixi, promised to hold mini concerts with a cumulative click rate of more than 3 million.

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