HOW Entertainment is acquired by NHN Bugs

Aug. 31, 2016. music portal service provider Bugs, a subsidiary of NHN Entertainment, announced that it would take over HOW Entertainment

Bugs will acquire a 70% stake in the entertainment company for 11 billion won (US $9.82 million), with 11,951 existing shares and 6,390 shares to be issued for a capital increase, to diversify its business to cover the production, distribution and consumption of K-Pop content