HYBE acquires an additional 3.68% stake in SM
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interesting
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Bang pd about to become koreas president
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fans who think that Hybe is not monopolizing the kpop scene are just plain stupid..
That oompa loompa wants to compete with the actual Big 3 of the music industry (Sony, Warner, UMG)
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That oompa loompa wants to compete with the actual Big 3 of the music industry (Sony, Warner, UMG)
Not the oompa loompa...now I can't unsee it...
i wonder for how long my fave will stick with him...i feel like he became too greedy..
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That oompa loompa wants to compete with the actual Big 3 of the music industry (Sony, Warner, UMG)
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Wait I thought they sold all their shares to CJE&M?
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Honestly HYBE are idiots right now, SM is a sinking ship, no one gives a crap about their acts anymore. The made a stupidddd decision with Scooter and now all his big acts have left him. They keep making dumb ass moves. What they should have fking done is tried to recruit the BP members, yes they don’t make as much money has BTS but would have provided a good cushion for when they’re back
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Too clarify the news, Hybe was forced to buy the shares because it's a part of the original deal where LSM had option where he had the right to sell the shares for a price 50 % over the current market value and he choose to use the opition and Hybe must buy them. So it's not like they have done a new "move" to buy shares, it's just part of their previous attempt to take over SME.
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