Dreamus Company, formerly known as MP3 manufacturer iRiver, surged on the 23rd following news that YG PLUS, a subsidiary of YG Entertainment, is pursuing an acquisition.
According to the Korea Exchange, as of 9:40 a.m. on this day, Dreamus Company is trading at 1,963 won, up 59 won (3.10%) from the previous trading day. It rose more than 15% in early trading.
Dreamus Company is the music content subsidiary of SK Square known for its music platform ‘FLO’. iRiver is its predecessor, and in 2014, SK Telecom acquired it for 30 billion won, changing the name to Dreamus Company in 2019.
Recently, SK Square received acquisition proposals from YG PLUS, among others, following the bidding for the sale of Dreamus Company.
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