Sohu takes a 6 percent stake in Keyeast
By Shi Jing in Shanghai | China Daily | Updated: 2014-08-08 07:00
Chinese Internet company Sohu.com Inc announced on Thursday that it will invest $15 million in South Korean artist management agency Keyeast Co Ltd to become its second-largest shareholder.
Sohu will hold 6 percent of Keyeast and become Keyeast's exclusive Internet partner in China.
Founded in 2006, Keyeast represents a number of celebrated actors and actresses, including Kim Soo-hyun, who starred in the hit TV drama My Love from the Star, and Bae Yong-joon, who still owns 29 percent of Keyeast's stocks.
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