Just as he really wanted to buy CJ's TV station at the beginning, in addition to taking a fancy to this TV station that is becoming mature in all aspects, the most important thing is some of their channels.

For example, a mature system in terms of audio sources and distribution.

Loen, on the other hand, is a well-established distribution company in South Korea, with few artists under its umbrella, but it has a wide range of publications. In general, many other brokerage companies choose this company with a long history.

For example, JYP, STARSHIP, CUBE, J.TUNE, Woollim...... And so on, these entertainment companies are all Loen's regular partners.

The company has a complete distribution channel, whether it is online distribution or offline music sources...... Even in terms of performing arts planning, which has been in an embarrassing situation, after 2010, after the IU fire, there were also artists who could get their hands on it.

So.

At the behest of Lee Myung-soon, the two companies, L.M.S Group and Loen, were like L.M.S Group and CJ's TV station, and they could not reach an agreement for a long time.

Thereupon.

After the last experience, Park Ji-ho, who was in charge of the negotiations, set his sights directly on SK Group, which was above Loen.

Just as all major groups and companies in South Korea are involved in various political parties, the same is true for entertainment.

The more famous, like S.M, stands behind the New Millennium Democratic Party. Among them, Kim Young-min, the current president of S.M, is rumored to be related to former South Korean President Kim Dae-jung.

Behind CJ is a famous family name in South Korea, and the current president of CJ Lee Jae-hyun was originally from the family name of Samsung, although he has a disagreement with Samsung, but Lee is originally a huge surname in South Korea, so there is still the shadow of this surname family behind this group. Of course, compared to the other two companies, CJ is larger and more extensive in terms of scale and involvement, including many TV media such as MNET and TVN, as well as Korea's largest film production company, and is also a shareholder of DreamWorks.

On the other hand, YG also has the shadow of Hyundai Group behind it.

When it comes to this, I have to talk about the next very famous old story. In 2002, Kim Young-wook, who was the president of S.M., was imprisoned for embezzlement, but in fact, there was another incident at that time, and Jung Mong-koo, the president of Hyundai Motor Group, was also imprisoned in the same year...... The reason why two events that were not very related to each other is that the key point is that in the same year, South Korea's presidential election. The Hyundai Group has a very close relationship with the Grand National Party, and Lee Myung-bak was once the CEO of Hyundai Motor. At the critical moment of the general election, the New Millennium Democratic Party hacked the Grand National Party, and Zheng Mengjiu's imprisonment made the Grand National Party underfunded, and finally fell into the north. However, the Grand National Party, as the largest party in South Korea, is not a vegetarian, and Kim Young-wook, a member of the New Millennium Democratic Party, was imprisoned, and Lee so-man, the founder of S.M, was forced to leave the United States.

As the largest telecom operator in South Korea, SK Group's businesses involved in the entertainment industry include Loen, JYP, and SidusHQ, and this large group is also the financial owner of the Kuomintang.

However, SK's main business is not in the entertainment sector, as the third largest group in Korea after Samsung and LG, SK Group was originally a textile company, but is now mainly engaged in information and communication, energy sales, trading and other industries.

For example, eigenpost, a brand involved in clothing, is one of the most representative clothing and casual brands under SK Group.

Therefore, compared to talking to Loen, the negotiation with SK Group was smoother.

So.

"It's been talked...... It's just ......" Park Ji shook his head with a cheeky face and said the other party's conditions, "SK proposes to use Loen as capital and take a stake in L.M.S!" ”

“mo？” Li Mingshun was stunned, and asked with a ridiculous face, "Do they have Alzheimer's...... An entertainment company with a market value of less than 600 billion actually wants to exchange L.M.S. shares with me? ”

It was rare to see Lee Myung-soon with such an expression, Park Ji-hou was stunned, and instantly seemed to understand something, and said with some tears and laughter, "SK is not trying to take a stake in L.M.S Group, but L.M.S Entertainment!" ”

"It's not impossible!" Lee Myung-soon was stunned, bowed his head and groaned, and then asked, "How many shares does SK want in the entertainment company?" ”

Park Zhihou didn't speak, he directly raised four fingers and shook them, and then raised six fingers.

Li Mingshun immediately shook his head and refused, "L.M.S Entertainment not only has two film and television production companies, but also a TV station!" ”

"JTBC invested 422 billion won at the beginning, and it was in 2011, almost two years have passed, and the market value has to be doubled, and it should surpass all of one Loen!"

"In addition, we have just acquired DreamTea, an entertainment company, and we have invested a lot of money...... Besides, Loen's shares are not all in the hands of SK! ”

"Even if you add the stake in JYP, there are some other companies that hold shares...... Forty-six percent, that's too much! ”

These Park Zhihou naturally knew it, but SK was holding on to this condition, and the two sides had been talking for a while, but they couldn't reach a consensus. ”

"Hmm......" Li Mingshun pondered for a while, stretched out two fingers, and without waiting for him to speak, Park Zhihou shook his head decisively and said, "Twenty percent, this is impossible...... SK won't say yes! ”

"Except for this...... We can trade it for a few conditions...... For example, some channels and conveniences in the Celestial Empire...... We don't want SK to hold shares in other companies, and we will pay for the repurchase of Loen's other holdings and outflows! ”

The two discussed for a long time, and finally the next day, after Park Ji-hou made some conditions to discuss with Lee Myung-soon, the head of SK Group began to be moved.

Finally, a day later, SK Group announced that it had repurchased all the shares of its subsidiary Loen, and after everything was settled, the two sides announced a merger that could shake up the entire Korean entertainment industry.

SK Group buys back all of Loen's outgoing shares, delisting the company, and merges Loen into L.M.S Entertainment, a subsidiary of L.M.S Group.

Immediately after that, L.M.S Entertainment announced that it would acquire 80% of the shares of DreamTea Entertainment, and at the same time announced that DreamTea Entertainment and Loen would be merged into L.M.S Entertainment......