[Hot Stock] Playwith Surges on Rumors of Acquiring Management Rights from Kakao Games

[Asia Economy Reporter Lee Seon-ae] Playwith is showing a sharp rise on the 7th.

As of 2:44 PM on the same day, Playwith is trading at 12,000 KRW, up 9.59% from the previous trading day. During the session, it soared to 13,500 KRW. This is interpreted as being due to rumors of Kakao Games pursuing the acquisition of management rights.

According to investment banks (IB) and related industries, Kakao Games is reportedly negotiating with DreamArk, the largest shareholder of Playwith, regarding the acquisition of management rights.

The transaction target is the shares of Playwith and Playwith Games held by DreamArk. They are currently discussing the transaction structure and price, aiming to sign a stock purchase agreement around August to September. However, Kakao Games denied the rumors, stating that they are "unfounded."