MezzoMedia Inc. agreed to acquire dbase& from CJ ENM CO., Ltd. for KRW 4.3 billion.
July 16, 2024
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MezzoMedia Inc. agreed to acquire dbase& from CJ ENM CO., Ltd. (KOSDAQ:A035760) for KRW 4.3 billion on July 15, 2024. A cash consideration at KRW 14,618 will be paid by MezzoMedia for 296,531 shares. The expected completion of the transaction is July 31, 2024.
CJ ENM Co Ltd, formerly CJ O Shopping Co Ltd, is a Korea-based company engaged in home shopping and catalogue sales business. The company operates its business through four segments. The Media Business segment provides broadcasting services through broadcasting channels such as TVN, OCN, and channel (CH) CGV, and sells broadcasting contents. The Commerce Business segment sells men's and women's underwear and apparel, accessories, bedding, electronics, cosmetics, sporting goods, furniture, household goods, kitchenware, food, and mobile phones through cable television home shopping networks, mail order, and the Internet. The Film and Performance Business segment is engaged in the production, distribution, and investment of movies, and operates the performance business. The Music Business segment is engaged in music production and distribution business.
CJ ENM CO., LTD. 
