HYBE to Sell Entire SM Entertainment Stake to Kakao, Ending Battle for Control of K-Pop Giant
South Korea’s HYBE said Friday (March 24) it will sell its stake in SM Entertainment, officially ending a bidding war between HYBE and the South Korean tech company Kakao for control of the K-pop agency that was key to the genre’s popularity and overseas expansion in recent years. HYBE, home of…
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