K-pop takeover battle loser HYBE to sell $437 mln stake in SM

Hybe to Sell SM Entertainment Stake After Losing to Kakao in K-Pop Bid Battle

Hybe Corp., the talent powerhouse behind K-pop sensation BTS, said on Friday that it will sell its share stake in agency rival SM Entertainment. The move would finalize Hybe’s admission of defeat in a dramatic takeover battle in which it was out-gunned by Korean tech leader Kakao Corp. Hybe initially bought a 14.8% stake in […]

K-pop takeover battle loser HYBE to sell $437 million stake in SM Entertainment

HYBE aims to sell its entire 15.8% stake in SM Entertainment by accepting a tender offer from bidder Kakao, marking the end of the takeover battle

Hybe to sell SM shares to Kakao following failed takeover bid

Hybe, the K-entertainment powerhouse behind global superstar group BTS, said Friday it will sell off all of its 15.78 percent stake in SM Entertainment to Kakao after its bid to take over the rival entertainment agency fell through.

K-pop takeover battle loser HYBE to sell $437 mln stake in SM

South Korean music label HYBE , manager of boy band BTS, said on Friday it aimed to sell its entire 15.8% stake in K-pop pioneer SM Entertainment for 564 billion won ($437 million) by accepting a tender offer from bidder Kakao.

pop takeover battle loser HYBE to sell SM Entertainment stake

SEOUL -- South Korean music label HYBE, which manages boy band BTS, said on Friday it would try to sell its entire stake in SM Entertainment after losing a battle for control of the K-pop pioneer.

K-pop takeover battle loser HYBE to sell SM Entertainment stake

K-pop takeover battle loser HYBE to sell SM Entertainment stake South Korean music label HYBE, which manages boy band BTS, said on Friday it would try to sell its entire stake in SM Entertainment after losing a battle for control of the K-pop pioneer.HYBE's 15.78% stake in SM is worth 564 billion won ($437.14 million) based on social media giant Kakao Corp's tender offer to acquire up to 35% of the company at 150,000 a share, which closes on Fr…