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News

HYBE Sells Remaining Stake in K-Pop Rival SM Entertainment

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Tencent Music Buys $177 Million Stake In K-Pop Giant SM Entertainment
With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.

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 · 1d
Korea JoongAng Daily on MSN · 22h
Entertainment giants SM, Tencent Music partner to create new Chinese idol group
 · 2d · on MSN
HYBE Sells Remaining Stake in K-Pop Rival SM Entertainment for $177 Million
2d
Tencent becomes SM's No. 2 shareholder
K-pop powerhouse Hybe is offloading its entire stake in industry rival SM Entertainment to Tencent, positioning the Chinese ...
Forbes10mon
South Korean Tech Billionaire Arrested After Allegedly Manipulating K-Pop Firm’s Stock
South Korean billionaire and tech mogul Kim Beom-su was arrested Tuesday on allegations of manipulating the stock of a major K-pop firm SM Entertainment, in which his company Kakao gained a ...

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