On March 7, Kakao announced a new tender offer for SM Entertainment shares in an attempt to acquire a 35 percent stake in the company, marking the conglomerate’s latest move in its ongoing battl
On March 3, the 21st Civil Division of the Seoul Eastern District Court decided to grant a petition for the injunction filed by Lee Soo Man, which bans SM Entertainment from issuing the new shares and
HYBE has released an open letter to fans, artists, employees, and shareholders of SM Entertainment regarding their recent acquisition of Lee Soo Man’s SM Entertainment shares.
HYBE and SM Entertainment have released consecutive statements to refute the other regarding the current situation involving the two companies.
On February 10, HYBE was officially confirmed to be acquiring a 14.8 percent stake of SM Entertainment from Lee Soo Man for 422.8 billion won (approximately $334.3 million).
On January 25, industry representatives reported that HYBE is working on signing Park Bo Gum and is currently setting up a management team for the actor.
Following the YG Entertainment episode from earlier this year, Na Young Suk will be gathering many of HYBE’s artists for a fun outing with a healthy dose of competition. In this week’s epi