HYBE

SM Entertainment was founded by Lee Soo Man, and "SM" are the initials of his name. The company has been operated over the years with the founder's mindset, "I ...

After Lee Soo Man reached out to HYBE, Lee Soo Man had no choice but to let go of the SM he had been holding on to. One example of how Lee Soo Man is holding SM back is the fact that he is set to He continued to explain, "For Lee Soo Man that means his profits from SM has disappeared. The current management of SM could no longer stand by and watch Lee Soo Man's unfair profit gains; therefore, they partnered up with Align Partners and sought to improve the operation structure. SM Entertainment was founded by Lee Soo Man, and "SM" are the initials of his name. In other words, Lee Soo Man will be able to gain an additional 80 billion KRW (63 million USD) for the next 70 years, even after the contract between SM Entertainment and 'Like Planning' was terminated.

We wrote about tech firm Kakao buying a stake in Korean music company SM Entertainment earlier this week, but now it's been joined by Hybe.

[a merger and acquisition with the parent company of hip-hop label Quality Control](https://musically.us2.list-manage.com/track/click?u=d52f6bce2f35240a62f393249&id=0d97be68eb&e=f35635929b). [reportedly](https://musically.us2.list-manage.com/track/click?u=d52f6bce2f35240a62f393249&id=743bf378c2&e=f35635929b) acquired a 14.8% stake in SM Entertainment to become the largest individual shareholder in what we’d previously have described as one of its key domestic rivals. [buying a stake in Korean music company SM Entertainment](https://musically.us2.list-manage.com/track/click?u=d52f6bce2f35240a62f393249&id=fa660880b2&e=f35635929b) earlier this week, but now it’s been joined by another high-profile investor: Hybe.

The K-pop industry is undergoing a tectonic shift following HYBE's acquisition of a controlling stake in SM Entertainment, with speculation mounting over ...

Maybe Lee Soo-man will take the helm of SM under HYBE for a while until his retirement, but HYBE is unlikely to exert much influence on it unless there is a major hiccup." They are less likely to center on developing the K-pop system." "A K-pop label is often spearheaded by an influential leader, as evidenced by the cases of HYBE's Bang Si-hyuk and JYP Entertainment's Park Jin-young," he said. If it utilizes the intellectual property of high-profile SM artists like NCT, the two will be able to create synergy and increase their pie in the overseas market." Although it remains to be seen how the tug-of-war between HYBE and Kakao will pan out, industry insiders are already divided over the HYBE-SM alliance, debating whether the latest development is a blessing or a curse for the future of K-pop. HYBE, home to K-pop titan BTS, announced that it will purchase a 14.8 percent stake in SM for 422.8 billion won ($335.8 million) from the company's founder Lee Soo-man.

Bang Si-Hyuk's HYBE has acquired a 14.8% stake in rival K-pop label SM Entertainment. HYBE also pledged to buy another 25% of the company, ...

HYBE also pledged to buy another 25% of the company, which would enhance its new status as SM's biggest shareholder. Bang Si-Hyuk's HYBE has acquired a 14.8% stake in rival K-pop label SM Entertainment. The 14.8% stake HYBE acquired comes from SM founder and recently terminated Chief Producer Lee Soo-Man, who's been embroiled in a bitter split with SM's executive leadership.

South Korean entertainment firm Hybe has announced a deal to buy a 14.8% stake in rival K-pop company SM Entertainment. The deal comes amid a growing rift ...

[SM Entertainment](https://completemusicupdate.com/tag/sm-entertainment/) [HYBE](https://completemusicupdate.com/tag/big-hit-entertainment/) And it will make Hybe the biggest shareholder in SM Entertainment overall.

It appears that HYBE is aiming to acquire an additional 25%, bringing its total stake in SM Entertainment to 40%.While agreeing to purchase the&…

[ filing,](https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20230210000015) HYBE revealed its intention to purchase an additional 25.2% of SM's shares (5,951,826 shares) for a total of 1.14 trillion KRW (900 million USD) from the minority shareholders. On the other hand, Kakao's stake at most will be at 9.1%. Of the 18.6% stake held by Lee Soo Man, only the shares that are not legally problematic will be handed over to HYBE first. This means HYBE will purchase the shares at a price of 120,000 KRW (94.65 USD) per share. With both companies at the top of the industry, attention is being focused on whether the Fair Trade Commission will approve the offer after their review. It is just below the Fair Trade Commission's corporate merger notification standard (15%).

Bang Si-Hyuk's HYBE has acquired a 14.8% stake in rival K-pop label SM Entertainment. HYBE also pledged to buy another 25% of the company, ...

HYBE also pledged to buy another 25% of the company, which would enhance its new status as SM's biggest shareholder. Bang Si-Hyuk's HYBE has acquired a 14.8% stake in rival K-pop label SM Entertainment. The 14.8% stake HYBE acquired comes from SM founder and recently terminated Chief Producer Lee Soo-Man, who's been embroiled in a bitter split with SM's executive leadership.