SK Telecom to Acquire Korea's Largest Music Label

KoreaHerald:  Yesterday, SK Telecom - South Korea's top mobile carrier which controls about 19 million customers and more than half of the Korean wireless market - said that it is planning to acquire 60 percent of YBM Seoul Records Inc., Korea's largest music recording company, in a $29.2 billion won deal...The move into the music recording business adds to SK Telecom's growing portfolio in the entertainment industry as it seeks other sources of revenue that will be blended with its communications network...

Related:
--SK Telecom Acquires Music Label YBM Seoul for 12.7 Bln Won
(This article reports a 43.33 percent stake and a US $12.6 million dollar deal
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