Watcha sale thrown into doubt after CJ ENM exits bidding

Watcha, one of South Korea’s earliest homegrown streaming platforms and a breakout player in the early 2020s, is facing an increasingly uncertain future after a potential acquisition by CJ ENM fell apart. CJ ENM, the Korean media powerhouse behind assets including cable network tvN, told The Korea Herald on Friday that it opted out of the latest round of open competitive bidding, which closed Thursday. “We reviewed the acquisition in terms of strengthening content and platform competitiveness an

By The Korea Herald