NEXROC Group and SVCV, Inc. say they are considering making an offer to acquire between 25% and 50% of the issued shares in JYP Entertainment, the South Korean label home to Stray Kids, Twice and other K-pop acts. JYP’s market valuation currently exceeds $1 billion.
No formal offer has been confirmed, and terms of any potential deal have not been disclosed. If it proceeds, a transaction of this size would represent a significant shift in ownership of one of K-pop’s major label groups.
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