K Wave Media to Acquire 55% Stake in South Korea-Based 3D Visual Content Studio

MT Newswires Live

2025/09/02

K Wave Media (KWM) said Tuesday that it will acquire a 55% stake in South Korea-Based 3D visual content studio Rabbit Walk by issuing 9 billion South Korean won ($6.4 million) in shares.

The company said it will issue an additional 9 billion won of equity if Rabbit Walk achieves over 1.20 billion won in operating profit either this year or next.

K Wave Media shares were up nearly 2% in recent Tuesday premarket activity.

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