Global Star Acquisition filed an investor presentation highlighting its proposed business combination with Seoul South Korea-based K Enter Holdings. The target is a holding company with contracts to acquire six diversified entertainment operating companies based in Korea and engaged in the entertainment content and IP creation businesses.
The transaction is valued at $590 million and is expected to close in the second quarter.
The parties last this month trimmed the deal size from the $610 million at announcement last June.
Global Star’s completion deadline is June 22. Read more.
