SM Entertainment In The News

Kakao officially SM Entertainment’s largest shareholder with 39.9% stake, as HYBE holds onto 8.8%

News culminates months-long corporate battle against SM rival HYBE to take control of the K-Pop agency

Kakao launched a new virtual K-Pop group called MAVE, and the first single has already generated 20m streams on Spotify

Virtual group also 172,000 subscribers on YouTube

HYBE to sell $435m stake in SM Entertainment

Music giant to sell 15.8% stake in SM

Kakao Entertainment plots global expansion via the US, strikes partnership with Sony’s Columbia Records

Partnership includes 'global management' of rising K-Pop stars, IVE

From Believe’s $800m in annual revenues to HYBE ending its SM Entertainment takeover bid… it’s MBW’s Weekly Round-Up

The biggest stories on MBW from the past seven days

HYBE’s not the only K-pop giant eyeing the US: SM Entertainment plans $150m Stateside acquisition to speed up global expansion

Over the weekend, HYBE officially ceased its attempt to acquire a 40% stake in SM Entertainment.

HYBE pulls out of bid to acquire 40% stake in SM Entertainment: ‘The market has been showing signs of overheating due to our competition with Kakao.’

It's the end of the road for HYBE's ambition to buy up a large stake in one of its biggest K-pop rivals

HYBE’s SM Entertainment takeover plan falls short, Kakao launches $960m offer for controlling stake

SM Entertainment’s shareholders are not buying into HYBE’s plan to take control of its rival