Hybe Acquires SM in a Surprise Move... Purchases 14.8% Stake from Lee Soo-man
[Asia Economy Reporter Park So-yeon] HYBE, the agency of the group BTS, is set to acquire the major K-pop agency SM Entertainment.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022090113572718101_1662008247.jpg)
On the 10th, HYBE announced that it will acquire 14.8% of shares held by SM's major shareholder Lee Soo-man for 422.8 billion KRW.
Lee Soo-man, the largest shareholder of SM with an 18.46% stake, will be surpassed by HYBE as the largest shareholder through this deal. Although Kakao partnered with SM by securing 9.05% through a paid-in capital increase on the 7th, HYBE has allied with Lee Soo-man.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- Given Grants, Then Says "No Launch" ... Innovative Korean Technology Ultimately Forced Overseas
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- Singer Kim Minjong Responds to MC Mong's Gambling Allegations: "Clearly False... Legal Action to Follow"
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
HYBE also stated that it will proceed with a public tender offer for shares held by SM's minority shareholders.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![Cheaper Than Candy, Yet Impossible to Find... Fears of a 'Pediatric Medical Crisis' as Pharmaceutical Companies Halt Production [Why&Next]](https://cwcontent.asiae.co.kr/asiaresize/307/2026051910065268365_1779152813.jpg)
