2 stories mentioning KOSDAQ:035760Updated 31d ago
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CJ ENM (KOSDAQ:035760) has an average rating of overweight and mean price target of 55,875 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
TBS (TYO:9401) has agreed to purchase 11.63 million common shares of U-Next (TYO:9418) for 20 billion yen through an off-market transaction, giving it a 6.45% voting stake and raising its total ownership to 8.03% post-deal.The capital and business alliance aims to merge TBS's content production strengths with U-Next's streaming platform to boost global competitiveness in original content creation, according to a Tokyo bourse filing on Friday.The partnership includes plans for a joint venture with South Korea's CJ ENM (KOSDAQ:035760), along with collaborations spanning video archives, background music services, karaoke systems, and cross-industry customer bases.The transaction is scheduled to close on July 3, with only a minor impact on TBS's consolidated earnings expected.U-Next, TBS and CJ ENM first disclosed plans to form a joint venture in February.
