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Bangkok Post
Bangkok Post
Business

JKN acquires Miss Universe for $20m

Miss Universe JKN JKN Global Group MUO United States
Ms Jakkaphong says the acquisition can propel JKN's growth.

SET-listed JKN Global Group, a content distribution and service provider, has reached a deal to acquire the Miss Universe beauty pageant business and secure a licence agreement for the show for an investment of up to US$20 million (760 million baht).

Miss Universe Organization (MUO), which runs the annual international beauty pageant, is to be acquired from IMG Worldwide LLC, which is wholly owned by US-based Endeavor Group Holdings. IMG Worldwide LLC holds the Miss Universe business licence.

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