Korea’s Hybe Completes Purchase of 14.8% Stake in Rival SM
Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday that it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder. The acquisition was finalized even as SM Entertainment accused Hybe staging a hostile takeover to control the firm…
Asharq Al-Awsat ·