Core Viewpoint - Kuke Music (KUKE.US) experienced a significant pre-market drop of nearly 30%, trading at $0.83, following a surge of over 260% in after-hours trading on Thursday. The volatility is attributed to the announcement of Kuke Music acquiring a controlling stake in Naxos Music Group, the largest independent classical music company globally, for approximately $106.35 million [1]. Group 1 - Kuke Music has completed two transactions totaling approximately $106.35 million to acquire a 70.43% stake in Naxos One Holding Limited, which controls Naxos Music Group [1]. - The acquisition was fully financed through the issuance of Kuke's Class A common shares [1].