SM Entertainment

HYBE may be acquiring shares in SM Entertainment! On February 9, HYBE confirmed, “We are continuing to review matters related to the acquisition of shares, ...

Earlier this week, Kakao acquired 9.05 percent of SM Entertainment’s shares. At the time of this statement, nothing has currently been confirmed.” HYBE may be acquiring shares in SM Entertainment!

HYBE has announced it's acquired a significant stake in SM Entertainment, the third largest publicly traded K-pop label in South Korea.

Said Bang: “HYBE fully agrees with former Chief Producer Lee’s strategic initiatives including metaverse, a multi-label system, and the sustainable vision campaign. The deal, valued at $320 million in stock and cash, was led by HYBE America CEO Scooter Braun. The purchase of KRW 422.8 billion shares — a 14.8% stake — was reported on Friday and helps strengthen the company’s position as a leader in K-pop as it becomes SM’s largest shareholder.

K-pop agency Hybe became the top shareholder of their rival SM Entertainment today after signing a deal with its founder Lee Soo Man.

Lee Soo Man said that he is filing a legal complaint against SM Entertainment for violating Commercial Act by issuing new shares without the agreement from him being the top shareholder. Apart from the Lee Soo Man deal, Hybe also anounced their plan to acquire additional shares of SM Entertainment from minority shareholders. MANILA, Philippines — K-pop agency Hybe became the top shareholder of their rival SM Entertainment today after signing a deal with its founder Lee Soo Man.

HYBE, the parent Korean entertainment company of K-pop stars BTS, Seventeen, ENHYPEN and Tomorrow X Together, will become the largest shareholder of SM ...

In the disclosure, HYBE said its cash purchase of Lee Soo-man’s stocks amounted to 422.8 billion won ($334 million). 10, HYBE announced that it has entered into a stock purchase agreement on Feb. In a financial disclosure filed on Feb.

It's official: HYBE has inked a deal with SM Entertainment founder Lee Soo Man that will make it the largest shareholder of the company.

Lee Soo Man then flew back to Korea and declared that he would be taking legal action against SM Entertainment for violating the Commercial Act by illegally issuing new shares of the company and convertible bonds without the agreement of the top shareholder (Lee Soo Man) during a management dispute. Last week, SM Entertainment’s current CEO Lee Sung Soo (who is Lee Soo Man’s nephew) and COO Tak Young Jun announced their vision for a newly restructured “SM 3.0,” which involved cutting ties with SM Entertainment’s longtime producer Lee Soo Man. Earlier this week, Kakao became the

HYBE will buy shares worth $335 million in competitor SM Entertainment and will also seek management rights.

The septet is set to return in full only in 2025. HYBE has also tendered an offer on Friday for SM shares held by minority shareholders, seeking to buy up to 25% of the rival agency with the intention of acquiring management rights. The move will make HYBE the largest shareholder of SM Entertainment as it takes over a 14.8% share in its rival purchased from an 18.4% stake held by the previous largest shareholder and SM founder, Lee Soo-man, it said in a statement.

HYBE has just become the top shareholder of SM Entertainment. In a press release, HYBE confirmed that they have acquired the shares of Lee Soo Ma...

[Kakao Corp ](../../../articles/kakao-corp-to-acquire-9-05-of-sm-entertainment-for-173-million-shares-ownership-k-pop-lee-soo-man-february-2023)acquired 9.05% shares of SM Entertainment, making them the second largest shareholder of the company. HYBE is home to an array of music labels, including BIGHIT MUSIC, PLEDIS Entertainment, HYBE Japan, SOURCE Music, BELIFT LAB, and ADOR. HYBE is also reportedly planning to acquire additional shares from minority shareholders in an attempt to protect their stake in SM Entertainment. In a statement, HYBE Founder and Chairman Bang Si-Hyuk said, "HYBE fully agrees with former Chief Producer Lee’s strategic initiatives including metaverse, a multi-label system, and the sustainable vision campaign. SM Entertainment is currently home to some of K-pop's most prominent acts including NCT, Red Velvet, Girls' Generation, Super Junior, aespa, EXO, and more. [HYBE](../../../articles/hybe-america-acquires-qc-media-holdings-lil-yachty-migos-february-2023) has just become the top shareholder of [SM Entertainment](../../../articles/kakao-corp-to-acquire-9-05-of-sm-entertainment-for-173-million-shares-ownership-k-pop-lee-soo-man-february-2023).