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

HYBE Postpones SM Entertainment Acquisition Following K-Pop Takeover Drama

HYBE will no longer continue its takeover bid for SM Entertainment.

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.

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…

K-pop: HYBE concedes to Kakao in fight for SM Entertainment – DW – 03/12/2023

BTS' management agency HYBE has lost a weeks-long tussle for South Korea's second-largest entertainment group to the tech conglomerate which owns KakaoTalk.

K-pop giant HYBE drops bid for SM Entertainment, ending takeover battle

HYBE Co Ltd, the agency representing top-selling South Korean boy band BTS, withdrew its plan to take control of SM Entertainment Co Ltd, the company said on Sunday.

K-Pop: HYBE and Kakao End Hostilities in Takeover Battle for SM Entertainment

Tech giant Kakao emerged ahead in the battle for K-pop agency SM Entertainment after a bitter tussle with BTS-backer HYBE Corp.