Tencent Raises K-Pop Exposure by Buying BTS Agency Hybe’s SM Entertainment Stake

Tencent raises K-pop exposure by buying BTS agency Hybe’s SM Entertainment stake

The nearly 10 per cent stake, valued at about US$180 million, would mark Tencent’s first major deal in South Korea’s music industry in years.

Tencent Increases Korea Music Exposure Ahead of China K-Pop Move

Tencent Holdings Ltd. is snapping up a nearly 10% stake in SM Entertainment Co. Ltd valued at about $180 million, marking a rare Chinese investment into a South Korean company in recent years.

Tencent Music buys Hybe’s remaining stake in SM Entertainment

Early in 2023, a K-Pop takeover battle was raging as South Korean firms Hybe and Kakao vied to acquire majority stakes in SM Entertainment. The post is from Music Ally.

Tencent Acquires Hybe’s Stake in SM Entertainment Ahead of China’s K-pop Ban Lift

Tencent Holdings is acquiring a nearly 10% stake in SM Entertainment from BTS agency Hybe, in a deal valued at approximately USD 180 million.

Filing: Tencent is buying a ~10% stake in SM Entertainment for ~$180M from BTS agency Hybe, as China is expected to lift its unofficial ban on K-pop concerts

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