Spackman Receives Takeover Approach for Korean Producer Zip Cinema

Spackman Entertainment, a company listed in Singapore with a collection of Korean-themed investments, said that it has received a takeover offer for its Zip Cinema subsidiary, one of Korea’s leading independent production companies.In a regulatory filing, Spackman said that a non-binding letter of intent was delivered by Charm Accounting Corporation.

Charm in turn is acting on behalf of an undisclosed “content production company listed in Korea.” It is not clear whether Zip’s management supports the bid.Zip Cinema has previously produced hit films including 2014’s “My Brilliant Life,” 2015’s “The Priests” and 2018’s “Golden Slumber.” It was also a minority investor in Bong Joon-ho’s original “Snowpiercer” film from 2013.Spackman explains that it has not yet held talks with Charm, which wants to come to an agreement by the end of the year.

The value of Charm’s bid has not been disclosed, and Spackman says that

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