Kakao struggles to acquire SM after Lee Soo-man further demands 'Vice Chairman' position after sale

Article: Lee Soo-man's unreasonable request for 'Vice Chairman'... Kakao struggles to acquire SM

Source: Herald Economy

Kakao is struggling to acquire SM as CEO Lee Soo-man's demands continue to grow.

According to reports, after Naver pulled out, the battle to acquire SM became a two-way battle between Kakao and CJ ENM, however CJ also pulled out after Lee Soo-man's impractical requests. 

Kakao is also reluctant to agree to his conditions after he further demanded a "Vice Chairman" position.

  1. [+3,594, -9] This is like selling your house and demanding to live there afterwardsㅋㅋ. 
  2. [+915, -22] There's nothing uglier than an old man being this greedy at such an old age. 
  3. [+868, -13] So he wants to get paid hand-over-fist compared to everyone else and still retain his management rights? How is this any different from selling your home at top dollar and demanding to still live in it?
  4. [+444, -14] He's gone senile.
  5. [+129, -1] Sounds like he doesn't want to sell. Everyone should just drop the deal.
  6. [+112, -1] Ah, this ba$tard is quite funny ㅋㅋㅋㅋㅋ. He basically wants the goose and golden egg... he wants to sell his stake to leverage SM's uncertain future while still maintaining control over his idols and making hundreds of billions of won of profits on top of it ㅋ
  7. [+81, -1] Lee Soo-man needs to step down. SM has lost its footing in the industry and hit rock bottom ever since he started with his "China Dream." He's now seen as a "weirdo" after he keeps getting backstabbed by Chinese members. BTS and Blackpink are global stars even without Chinese members and he's still obsessed over Chinese kids. 
  8. [+77, -1] If Kakao agrees and takes over SM, they're going to be seen as a makjang company in the industry and get beat down on the stock charts for such a useless acquisition.  
  9. [+67, -1] Both Kakao and CJ needs to kick SM aside ~ cutting ties together is the only answer. 
  10. [+58, -2] What is he, a thief? You cut ties once you sell your shares. If he's capable and wants to stay on, get a job as a director. What a sad way to age. 

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