HYBE has made an offer to buy 14.8% of Lee Soo Man's stake in SM Entertainment

 

Lee Soo Man was set to receive royalties from SM Entertainment until 2092 according to a contract that was recently leaked

 

 

I don't know if this is a sign of things to come, but NCT looked SO AWKWARD losing to TXT on MCountdown today 

2 minutes ago, New Edition said:

HYBE has made an offer to buy 14.8% of Lee Soo Man's stake in SM Entertainment

 

Lee Soo Man was set to receive royalties from SM Entertainment until 2092 according to a contract that was recently leaked

 

it's actually 39.8% in total 

 

10 minutes ago, Gwendolyn said:

Also in all fairness, wouldn't this be seen as 'reducing competition' or something like that? In the UK at least, multiple companies have had mergers rejected due to that 

Yeah it would reduce things to essentially a duopoly between Kakao vs. HYBE, but Korean merger laws don't seem that strict compared to the EU/UK or the U.S antitrust laws. I think they only recently overhauled the laws, so let's see if this takeover raises any eyebrows, if it happens.

 

I mean...in the past they've already allowed Kakao to own so many companies for example.

 

Edited February 9, 20233 yr by Zack

27 minutes ago, BigBangStan said:

What is this mess 

 

 

Wait at SM artists potentially turning their back at LSM

Edited February 9, 20233 yr by mathekr

1 minute ago, Gwendolyn said:

Also in all fairness, wouldn't this be seen as 'reducing competition' or something like that? In the UK at least, multiple companies have had mergers rejected due to that 

Korea looks the other way on monopolies when it allows the company to compete better globally as they are an export economy.  Kpop has been an export sector for a few decades now.

 

I don't even know what's happening anymore. I'll tune in to the Netflix doc/HBO miniseries in 10 years though

 

#StopTheDramaStartTheMusic

 

4 minutes ago, New Edition said:

 

I don't know if this is a sign of things to come, but NCT looked SO AWKWARD losing to TXT on MCountdown today 

Can ANYBODY in Hybe Entertainment SING?

22 minutes ago, Flomik said:

aespa protesting in front of the HYBE building in a truck bought by sheep

 

I'm so invested, seems LSM turned out to be the Black Mamba after all 

RV the only K-Pop group to be invited to Primavera 2023

Hopefully they'll have a new album out in time for this festival

 

8 minutes ago, WeFoundWill said:

Can ANYBODY in Hybe Entertainment SING?

Seungkwan and DK of course 

Omg it’s done 

aespa I’m praying for you that this will make everything better

 

HYBE is good for ruining K-Pop though, so this info is not shocking to me.

OMG THEY BOUGHT THE STOCKS? 

 

 

 

Wonder where HYPE got all the money from? Like 40% of stakes at SM is a lot and no matter how much coins BTS made won't justify it

 

1 minute ago, rapperjennie said:

OMG THEY BOUGHT THE STOCKS? 

 

 

 

if they also buy the additional 25% they initially planned 

Just now, Sept said:

Wonder where HYPE got all the money from? Like 40% of stakes at SM is a lot and no matter how much coins BTS made won't justify it

 

I mean...they bought over 75% of LSM's controlling shares which is worth nearly $400M, plus they are planning to purchase another 25% shares, so they'll be dropping close to $1B on this...

 

I feel like Kakao and SM directors are gonna sue HYBE and LSM right back though.

omg 

aespa i'm so sorry you don't deserve any of this

Now give aespa them HYPE payola + Scooter's promotion in the US

 

Looks like Kakao vs Hybe is the thing now

 

This may sounds delulu and fanfiction, but I think all the mess on IVE, LSFM, and NJ that kinda made sense now. Like Kakao are likely behind on Garam scandal, MHJ pedo scandal, Danielle Chinese/Lunar NY debacle and Hybe likely behind on IVE lipsync scandal, and Wonyoung ethnicity/nationality (it was kinda big issue in China)

Just now, discreetinside said:

Looks like Kakao vs Hybe is the thing now

 

This may sounds delulu and fanfiction, but I think all the mess on IVE, LSFM, and NJ that kinda made sense now. Like Kakao are likely behind on Garam scandal, MHJ pedo scandal, Danielle Chinese/Lunar NY debacle and Hybe likely behind on IVE lipsync scandal, and Wonyoung ethnicity/nationality (it was kinda big issue in China)

And both of them on- you know what nevermind  

@Ryan I guess we need a title change... K-POP EMERGENCY: HYBE snatches SM Entertainment