« RipDigital To Offer Preloaded iPods | Main | New Study Shows Strong Demand for Commercial-free Radio and Music Downloads to Mobile Phones »

May 27, 2005

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...

--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

Posted by Todd in M&A | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference SK Telecom to Acquire Korea's Largest Music Label :


The comments to this entry are closed.