Congratulations to Jung Ji Woo on her engagement!
HYBE Takes over Ithaca Holdings from the U.S.
HYBE, formerly Big Hit Entertainment, is set to enter the music market in the U.S. after acquiring Ithaca Holdings - home to world-renowned singers Ariana Grande, Justin Bieber, Black Eyes Peas and more.
According to the announcement made by HYBE on April 2, the company will be buying 1.7 trillion won ($1.5 billion) worth of shares.
Big Hit America will also be merging with Ithaca Holdings through the company s subsidiary BH Odyssey Merger Sub, to which Ithaca Holdings will become a subsidiary of Big Hit America and will dissolve BH Odyssey Merger Sub.