SM Entertainment Exec Fires Back Against Hybe’s ‘Hostile Takeover’ Plans: ‘The Combined Entity Would Create a Monopoly’

Earlier this month, BTS agency Hybe (KRX: 352820) purchased nearly 15 percent of SM Entertainment (KRX: 041510) in a deal that was reportedly worth $324 million. Now, with Hybe having set its sights on scooping up a controlling 40 percent stake, SM is firing back against the “hostile takeover.” The much-publicized SM Entertainment investment represents […]
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