Lee Soo: Celebs Rumors

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Weeekly return with a new sound on single ‘Vroom Vroom’

Weeekly have made their long-awaited return with new single, ‘Vroom Vroom’.‘Vroom Vroom’ is the title track of Weeekly’s new mini-album’s ‘ColoRise’, which comes a year-and-a-half after their previously release, March 2022’s ‘Play Game: Awake’.The single was arranged and co-composed by NOMASGOOD, who previously worked with the girl group on their 2021 song ‘Uni’. The songwriter is also known for working on Teen Top’s 2019 single, ‘Run Away’.‘Vroom Vroom’ finds Weeekly exploring a new sound that’s more disco-inspired, notably recalling the later works of their IST Entertainment seniors Apink.“Time to be brave / The same path is just too predictable / We’re curious about a new place / A world we’ve never been to,” the six-member group sing on ‘Vroom Vroom’.“For fans who have waited for us, we wanted to show you that we made use of this time to enhance our talents,” member Park So-eun said of ‘ColoRise’, per The Korea Herald.
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SM Entertainment releases statement in support of Kakao’s tender offer
K-pop agency SM Entertainment has released a statement in support of internet giant Kakao’s tender offer to buy a large stake in the company.Yesterday (April 7), Kakao – which currently holds 4.9 per cent of the SM Entertainment – announced a tender offer to buy up to 35 per cent of the company for ₩150,000 per share. If successful, this bid would make Kakao the largest shareholder of the K-pop agency, over BTS label HYBE, which has acquired nearly 16 per cent of SM.Soon after Kakao’s announcement, SM Entertainment released a statement signalling support for the deal, citing “[Kakao’s] respect [for] the current management’s efforts to address factors that have hindered SM Entertainment’s growth”, according to CNN.In the statement, SM Entertainment also said that the Kakao deal would “ensure autonomous and independent management of the company, as well as the continuous and independent activities of SM artists”, per Yonhap News Agency.“Unlike HYBE seeking to take over SM’s board of directors through a hostile merger and acquisition, Kakao is the best horizontal and strategic partner for the successful implementation of the ‘SM 3.0’ vision as it respects SM’s own tradition and identity,” the statement reportedly said.Following Kakao’s tender offer yesterday, shares of SM Entertainment jumped 15.07 per cent to close at ₩149,700.
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