Published 1 year ago

How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment

Summary by Ground News

HYBE Co Ltd., the management agency of K-pop super group BTS, on Sunday said it will stop its efforts to acquire rival SM Entertainment. Kakao said it will "continue its tender offer bid until the 26th to secure a further stake and work on the details of business cooperation between HYBE and SM"

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Reuters

Explainer: How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment

South Korean K-pop pioneer SM Entertainment Co Ltd is poised to fall under the grip of social media giant Kakao Corp after HYBE Co Ltd , the agency representing boy band BTS, on Sunday dropped a bid to take control.

1 year ago·United Kingdom

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CNN

BTS agency HYBE ends takeover battle for K-pop pioneer SM Entertainment

BTS agency HYBE says it has called off a takeover bid for SM Entertainment, ending weeks of corporate mudslinging that has dominated headlines in South Korea.

1 year ago·Atlanta, United States

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KRDO

BTS agency HYBE ends takeover battle for K-pop pioneer SM Entertainment

By Juliana Liu and Gawon Bae, CNN BTS agency HYBE says it has called off a takeover bid for SM Entertainment, ending weeks of corporate mudslinging that has dominated headlines in South Korea. HYBE said Sunday it made its decision “after observing that the market has been showing signs of overheating due to competition with both Kakao and Kakao Entertainment.” “The company has also taken into account the potential negative impact on HYBE’s share…

1 year ago·Colorado Springs, United States

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KIFI

BTS agency HYBE ends takeover battle for K-pop pioneer SM Entertainment

1 year ago·Idaho Falls, United States

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Channel News Asia

Explainer: How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment

SEOUL: South Korean K-pop pioneer SM Entertainment is poised to fall under the grip of social media giant Kakao after HYBE, the agency representing boy band BTS, on Sunday (Mar 12) dropped

1 year ago·Singapore

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