90

38

News

HYBE considering acquisition of stake in SM Entertainment

AKP STAFF
Posted by Germaine-Jay Thursday, February 9, 2023

HYBE is considering an acquisition of stake in SM Entertainment.

On February 9, HYBE confirmed reports the company was looking to purchase shares of SM Entertainment, stating, "We're continuously reviewing matters related to purchasing SM Entertainment shares on the open market as well as acquiring shares. As of now, nothing has been confirmed." HYBE further stated they would release an announcement related to the situation within a month.

The news of HYBE's possible acquisition of SM Entertainment shares comes after Kakao Entertainment was revealed to have purchased a large share of SME.

In related news, Lee Soo Man is currently moving forward with a lawsuit against SME for violating business laws.  

  1. misc.
  2. HYBE
  3. SM ENTERTAINMENT
76 21,539 Share 70% Upvoted
 
SeoulSucker
SeoulSucker1,895 pts Thursday, February 9, 2023 0
Thursday, February 9, 2023

This is like a love triangle for money and I can’t decide who to support. 😭

10 (+11 / -1)
Share
 
Temp-Bees
Temp-Bees2,409 pts Thursday, February 9, 2023 0
Thursday, February 9, 2023

What the..? I don't know if it's a good thing or a bad thing.. But how did things come to this?? What is going on??

9 (+9 / -0)
Share

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jaejoong
Jaejoong sheds tears recalling meeting his adoptive mother for the first time at 3-years-old
2 hours ago      5,645
Kim Hee Sun
Kim Hee Sun says she considered moving overseas due to malicious comments about her daughter
4 hours ago      11,523
misc.
Following 'child abuse' controversy, MBN cancels audition program 'Under 15'
20 hours ago      21,863
Sulli, IU, Kim Sae Ron, Kim Soo Hyun, Suzy, Dasom, Sohee
"Problematic portrayals of women," The roles played by Sulli, Suzy, IU, and Sohee in the movie 'Real' are being revisited
9 hours ago      27,922
SHINee, Key
SHINee's Key shows off his new home with a stunning Han River view
5 hours ago      5,517
Park Bo Gum, Seo In Guk
Seo In Guk & Park Bo Gum talk about their 10-year friendship + sing 'Couple' together on 'The Seasons - Park Bo Gum's Cantabile'
37 minutes ago      930
Xikers
Listen to the highlight medley for Xikers's 5th mini album, 'House of Tricky : Spur'
2 hours ago      413
Jaejoong
Jaejoong sheds tears recalling meeting his adoptive mother for the first time at 3-years-old
2 hours ago      5,645
BLACKPINK, Lisa
BLACKPINK fans love seeing Lisa enjoy a Traditional Korean birthday meal with seawood soup
3 hours ago      2,372
IU, Park Bo Gum
'When Life Gives You Tangerines' final volume is now on Netflix
3 hours ago      2,194
BTS, Jungkook
K-netizens impressed with BTS's Jungkook donating 1 billion KRW (~681,385 USD) to wildfire relief all by himself
5 hours ago      5,079
BLACKPINK, Lisa
BLACKPINK fans love seeing Lisa enjoy a Traditional Korean birthday meal with seawood soup
3 hours ago      2,372
IU, Park Bo Gum
'When Life Gives You Tangerines' final volume is now on Netflix
3 hours ago      2,194
Jaejoong
Jaejoong sheds tears recalling meeting his adoptive mother for the first time at 3-years-old
2 hours ago      5,645
misc.
All the donations from SM idols to wildfire relief
4 hours ago      2,791
New Message

SEND