Published 1 year ago

BTS agency HYBE joins battle for South Korea's SM with tender offer

Summary by Ground News

HyBE, the management agency behind BTS, will become the biggest shareholder of SM Entertainment. The move strengthens HYBE's dominance in South Korea's music industry. SM was founded by legendary music producer Lee Soo-man, known as "the godfather of K-pop" News that the two companies were joining forces fired up investors.

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Times of India

BTS agency HYBE joins battle for South Korea's SM with tender offer

The news comes just days after SM Entertainment announced a 217 billion won ($172 million) share sale to Kakao Corp on Tuesday, giving the country's top mobile messenger operator a 9.05% stake and SM an ally to counter founder and top shareholder Lee Soo-man.

1 year ago·India

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Reuters

BTS agency HYBE joins battle for South Korea's SM with tender offer

HYBE , manager of South Korean boy band BTS, announced a deal on Friday to buy a 14.8% stake in rival SM Entertainment from its founder, escalating a corporate battle between the godfather of K-pop and estranged management.

1 year ago·United Kingdom

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CNN

BTS agency HYBE buys stake in its K-pop rival

HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment.

1 year ago·Atlanta, United States

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KIFI

BTS agency HYBE buys stake in its K-pop rival

By Yoonjung Seo and Michelle Toh, CNN HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment. The move strengthens HYBE’s dominance in South Korea’s music industry, where it is already the biggest player, even as it seeks to expand abroad. The South Korean entertainment

1 year ago·Idaho Falls, United States

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CNBC

K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder

The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment.

1 year ago·United States

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Channel News Asia

BTS agency HYBE seeks to take over K-pop rival SM Entertainment

SEOUL: South Korean entertainment company HYBE said on Friday (Feb 10) it will buy shares worth 423 billion won (US$335 million) in rival SM Entertainment, seeking management rights to strengthen its position in the K-pop industry. The move will make HYBE the largest shareholder of SM Entertainment a

1 year ago·Singapore

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