Posts by Baekhyun_Anggeul

I hope they get the 10th anniversary treatment that snsd/shinee got with multiple MVs/pre-releases. We got robbed last year, we deserve a compensation.

I thought he said his solo is after EXO's comeback? Did they change plans?

Quote from AyanEva

Kakao's strategy seems really reckless.

from what i understand, they know they are richer and it was obvious that Hybe would get in trouble with their shareholders due to the debts if they kept pushing. the bidding war was going to die quick.

i'm just glad we got rid of LSM, i hope the other shady people in SM get replaced.

The struggle for control of SM Entertainment has had twists and turns everywhere in the saga, but the latest is perhaps one of the most surprising. Following Kakao’s tender offer, there were reports just yesterday that HYBE was in the driver’s seat for the shareholder’s vote, but they’ve now the company have said they will halt acquisition attempts of SME.

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The tech giant Kakao and its entertainment unit, Kakao Entertainment Corp., will have management control over SM Entertainment, while Hybe will cooperate with Kakao in the platform business, Hybe said in a press release.

Kakao said separately that it will continue to buy the shares of SM through March 26 as planned.

They basically have said they didn’t want to get into a bidding war as Kakao had indicated they would go over the top, regardless of price. However, they will cooperate on other platform IP.

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According to a press release, HYBE “made this decision after observing that the market has been showing signs of overheating due to competition with both Kakao and Kakao Entertainment.”

The agency added, “HYBE contemplated the possibility that this acquisition, along with the tender offer, may harm [HYBE] shareholder value and fuel overheating of the market, in making the decision.”

Not only did HYBE and Kakao reach an agreement regarding SM Entertainment’s management, but they also agreed to “cooperate on platform-related matters” in the future.

As for Kakao, they are now obligated to buy 35% of SME through the tender offer and own 4.9% already to make it close to 40%. SME says in a statement that they’ll remain independent and go ahead with the SM 3.0 plan.

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SM Entertainment will respect HYBE’s decision to halt its takeover of SM, as agreed upon by Kakao and HYBE.

SM will use this agreement as an opportunity to push forward at full speed with our “SM 3.0” strategy that we promised to our shareholders, company members, fans, and artists; and we will make sure to achieve our vision for the future of leaping forward as a global entertainment company that focuses on its fans and shareholders. In doing so, we will raise our enterprise value for all shareholders and continuously expand our policies for shareholder returns.

Kakao announced today in a statement, “SM Entertainment’s strongest assets and driving force are its employees, artists, and fandoms; and in order to respect them, we will maintain autonomous/independent operations, and we will accelerate global growth with a focus on the current management’s strategic direction and vision for the future, including ‘SM 3.0.’” The “SM 3.0 board of directors” that will be launched at the upcoming shareholder meeting on March 31 will create the world’s greatest “IP x IT” synergy with Kakao, the optimal horizontal strategic partner, and will open up the “Next Level” of the K-pop industry.

We would like to express our deep gratitude to the SM shareholders, fans, employees, artists, and everyone else invested in this matter who rooted for and supported SM Entertainment until the end, even amidst the unexpected confusion that followed our SM 3.0 strategy announcement on February 3.

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Gonna be honest, I was looking forward to a mess at the shareholder’s meeting at the end of the month. But it still provided its share of entertainment when it seemed like every HYBE stan yesterday was talking about how the company was a genius and making Kakao bow to them … and now this where they backtrack immediately.

For what it’s worth, I do think Kakao’s strategy was rather insane in terms of overpaying for SME. There’s also the fact that they currently seem obsessed with AI/Metaverse/Crypto platforms recently when it comes to entertainment.

Of course, there are no good guys in this saga, but at least Lee Soo Man doesn’t appear to get his ideal result from all of this, which is nice for once.

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RIP SM_with_Hybe twitter and youtube accounts.

Quote from daniel-cruz

When the music is good, one wouldn’t jump any ship.

True, exo songs are aging well. Unexpectedly i'm listening to obsession the most.

Quote from daniel-cruz

When the music is good, one wouldn’t jump any ship.

True, exo songs are aging well. Unexpectedly i'm listening to obsession the most.

Well, the SM Entertainment Internal War has taken another turn, as HYBE recently effectively failed to achieve their desired public takeover and Kakao has launched their own attempt in response.

Despite securing what seemed like an important win with Lee Soo Man getting Kakao’s deal shut down, HYBE didn’t win over anybody with its tender offer price.

I wasn’t sure how likely it was that Kakao would go way over the top to convince them, but that now appears to be exactly what they’re doing.

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South Korean tech group Kakao launched a 1.25 trillion won ($962 million) offer for K-pop agency SM Entertainment (041510.KQ) on Tuesday, escalating a takeover battle with BTS manager HYBE, whose proposal did not win enough support from SM investors.

They are reportedly offering nearly 25% more.

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The offer sent SM shares up nearly 15% to 149,200 won on Tuesday, just shy of Kakao’s tender price of 150,000 won to acquire up to 35% of the entertainment group behind popular K-pop groups such as Girls’ Generation, NCT and Aespa.

HYBE, which outgrew SM in recent years thanks to boy band BTS’s global success, planned to purchase an additional 25% of SM through a tender offer. But investors did not support its 120,000 won per share offer in light of an expected rival offer from Kakao.

The tech group, which already owns nearly 5% of SM, said its plan to control up to 40% of SM would strengthen its strategic partnership with SM.

“Kakao decided it is inevitable to secure the largest shareholder position to protect the partnership with SM Entertainment,” Kakao said in a statement.

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Well … didn’t see that coming. To be fair, that’s mainly because it seems like this overvalues the stock.

However, while many people didn’t see SME being worth even as much as HYBE offered, apparently the prospect of the significant merger and being a part of the entertainment monopoly/oligarchy provides more value than whatever the company itself is actually worth.

HYBE seems to agree as well, as they are currently plotting a response.

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According to reports on March 7, HYBE is considering purchasing stock on the open market at a price of ₩180,000 KRW (about $139 USD) per stock, which is 20% higher than the ₩150,000 KRW (about $116 USD) Kakao is planning on paying per stock. The report states that HYBE plans on securing 25% of SM Entertainment through the public market.

Although many insiders felt it would be difficult for HYBE to counter Kakao’s additional purchase, according to reports, HYBE will be able to muster up enough resources for the acquisition. Worth noting are reports stating that HYBE recently contacted Morgan Stanley as it looks to attract up to a reported ₩1.00 trillion KRW (about $770 million USD) in new investments.

Folks, it’s bidding war time.

Shareholder’s meeting on March 31, which is basically the World Cup final.

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Original by Baekhyun : Apple Music - Itunes - Spotify - deezer - pandora - Youtube Music - Melon - Flo - Genie - Naver

Original by Baekhyun : Apple Music - Itunes - Spotify - deezer - pandora - Youtube Music - Melon - Flo - Genie - Naver

I feel guilty seeing an exo schedule, like it's something I'm not supposed to get.

Quote from daniel-cruz

This feeling is something new…..

Like since I joined the fandom in Tempo Era…. I’ve been starving….

Wow it's surprising you managed to stick around, exo got into their inactive era after that album. Most new eris jumped ship to active groups.

That's cute

my fav song from overdose album

Quote from kazuyakamenashi

FACTS and ww have success stan clowns 🤡🤡🤡 acting as if their lives depends on it🤡🤡 I'd expect this from a shareholder someone who's money is in the game or who's job is in it. But nope this is just clown fans no skin in the game at all🤡🤡🤡. As for the groups? Yes one got lucky this indeed FACTS I love my favs BUT as a Korean I have seen just how cutthroat and hard this industry is there's countless numbers of groups idols and agencies that try to make ot and fail and they put in just as much hard work if not more in some desperate cases but still don't make the cut.

yeah. I get fans of sm artists being worried for their favs future. But seeing fans of other groups bts fans who are intact, still being so invested in this is weird.

Quote from LilacGirl

Hope he does what benefits him the most..whatever that may be

Quote from Lulu_Key

I would assume they are all consulting their lawyers to figure out the best options for themselves.

I hope so. It's a shame. He seemed excited to get back to his job, and seemed to have many ideas and plans. But this mess had to happen 2 days after his discharge.

I saw some speculating that he might leave

Quote from sveznalica

Sigh... what a mess.

I like to think that all this mess is happening now so we can have peaceful 2025

lol exo never had a peaceful year

Quote from sonemariam

I can't wait!

I'm so excited.

He'll be releasing R&B with rap music.

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i miss Rap Byun

Boy came out from the military just to face the weirdest mess in kpop, it's like they deliberately waited for him. screw SM and Hybe. EXO fighting!

in the meanwhile listen to his smooth voice:

BAMBI the 3rd mini album : Apple Music - Itunes - Spotify - Youtube Music - Deezer - Pandora - Melon - Genie - FLO - Naver Vibe

DELIGHT the 2nd mini album : Apple Music - Itunes - Spotify - deezer - pandora - Youtube Music - Melon - Flo - Genie - Naver -

CITY LIGHTS the 1st mini album : Apple Music - Itunes - Spotify - deezer - pandora - Melon - Genie - Vibe Naver -

ExoLTaglist

Baekhyun was the first SM idol to take vocal lessons from voicetuning, it was personal lessons outside the company but seeing a rookie like aespa's winter take their lessons too makes me wonder if Baekhyun introduced voicetuning to SM and they made a deal? do they work with SM now?