HYBE acquires an additional 3.68% stake in SM

interesting

Bang pd about to become koreas president

Well, SME's stocks are much cheaper, around 50,000 won (or $USD37) cheaper compared to what it was in Feb 2023

why r they so obsessed w sm … moving like company stans fr

fans who think that Hybe is not monopolizing the kpop scene are just plain stupid..

Quote from purnhub

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)

Quote from Jasmine_Waters

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..

Nice, share some of that BTS $$$ with my faves. Thanks Army!

Quote from Jasmine_Waters

That oompa loompa wants to compete with the actual Big 3 of the music industry (Sony, Warner, UMG)

Quote from Nutcraker

Bang PD STUNS in his natural hut lighting

Wait I thought they sold all their shares to CJE&M?

Quote from Jasmine_Waters

Bang PD STUNS in his natural hut lighting

Oh so stunning!

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

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.

THEY NEED TO KEEP THEIR DIRTY PAWS AWAY FROM SM