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It’s official: HYBE has inked a deal with SM Entertainment founder Lee Soo Man that will make it the largest shareholder of the company. On February 10, HYBE was officially confirmed to be acquiring a 14.8 percent stake of SM Entertainment from Lee Soo Man for 422.8 billion won (approximately $334.3 million). Before the deal,
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HYBE is buying a 14.8% stake in the company from SM Entertainment founder Lee Soo Man…
Capital raised through the deal will fund new multi-label system, SM 3.0…
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.