K Wave Media Signs LOI to Acquire Semiconductor Materials Company as AI Strategy Expands
K Wave Media (NASDAQ:KWM) said it signed an exclusive LOI to acquire a controlling stake, 50% plus one share, in a privately held South Korean semiconductor materials and specialty chemicals company. KWM cited double-digit revenue growth in 2024-2025 and improving EBITDA and net income margins. The deal depends on due diligence, financing, regulatory approvals, and a definitive agreement, with target signing by end-August 2026 and closing by end-October 2026.


