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YG Entertainment announced Wednesday it will sell new shares worth 61 billion won ($59.7 million USD) to the investment fund arm of French luxury group LVMH."¹
"YG Entertainment said it will issue 1.35 million convertible preferred shares, which are priced at 44,900 won (approximately $44 USD), through a third-party allotment with L Capital Asia, the Asian trading arm of LVMH."²
"Its shares closed at 46,000 won at the secondary-KOSDAQ market on Wednesday, up to 3.14 percent from the previous session."³
"LVMH is continuing talks with YG to purchase another $20 million USD in shares from YG's founder, Yang Hyun Suk. Shares in YG Entertainment rose 3.1% prior to the news and is up 13% after reports of the investment made rounds in the media."⁴
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Article: 'YG Entertainment Joins Hands with Louis Vuitton, Invests $60 Million into YG Entertainment'
1. [+14,765, -2079] It's a win-win for Yang CEO. If you want to become even bigger, ditch the druggie girl.
2. [+12,939, -536] Wow;;;;; This is really amazing
3. [+12,838, -2908] I like that YG chooses skill over looks. SM is like an idol-producing factory.
3. [+9145, -465] Holy crap, wow.
4. [+7869, -448] Wow............ they must be pleased.
5. [+1838, -129] The best thing Yang Hyun Suk has done in his life = Discovering G-Dragon
6. [+1617, -86] They probably invested after seeing GD.. GD receives a lot of sponsored items from Louis Vuitton, Chanel, etc. ㅋㅋ
7. [+1548, -87] It wouldn't have happened if it wasn't for GD ㅋ
8. [+1544, -126] It's not YG who should be praised. It's Big Bang and GD who should be.
9. [+1259, -171] They're that big of a company, you really think they can't control the head of prosecution and their personal connections?
10. [+1149, -77] Daebak. To think that Louis Vuitton is investing in a Korean company
11. [+1032, -54] Honestly, this is all thanks to GD.. GD gets the most sponsors here in Korea and even in their company, he gets the most. Big Bang only gets a little and some of the other YG artists barely get any sponsors... I heard they've sold a lot because of him and that's why he gets a lot of sponsors..
12. [+1007, -76] Well, first off, just by the looks of the amount of sponsors GD gets, there's nothing else to say.... Plus YG has a lot of connections overseas.....
13. [+1051, -230] Heh, GD provides for a lot of people, doesn't he? ㅋㅋㅋㅋ Of course they invested because of GD ㅋㅋㅋㅋ Do you think they did it because of Epik High or something
14. [+737, -128] Look at YG's class. That's really incredible.
