Tag Archives: BTS´ HYBE says it will discontinue acquisition process of SM Entertainment

Seoul: K-pop supergroup BTS´ management agency HYBE said Sunday it will discontinue its acquisition process of rival SM Entertainment, ending a weeks-long fight for management rights over the company. HYBE has been competing with South Korean internet giant Kakao after purchasing a nearly 15 percent stake in SM from its founder Lee Soo-man last month, which prompted the company´s shares …

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