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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 21,373 Share 70% Upvoted
 
SeoulSucker
SeoulSucker1,894 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)
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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)
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