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HYBE to Sell Remaining SM Entertainment Stake to Tencent

Tencent Music Buys $177 Million Stake In K-Pop Giant SM Entertainment

With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.

Digital Music News on MSN · 2d

Hybe to Sell Remaining SM Entertainment Stake to Tencent in $175 Million+ Deal

Hybe has officially moved to sell its remaining SM Entertainment stake – encompassing almost 10% of the rival K-pop agency – to Tencent for north of $175 million. The Big Hit parent disclosed the sizable selloff in a regulatory filing,

Variety on MSN · 2d

HYBE Sells Remaining Stake in K-Pop Rival SM Entertainment for $177 Million

HYBE has sold its remaining 9.38% stake in rival K-pop powerhouse SM Entertainment to Tencent Music Entertainment for approximately $177 million.

3hon MSN

South Korea's Hybe opens China office amid hopes of a K-pop reversal from Beijing

The agency behind global sensation BTS has been preparing to establish itself in China since last year, a Hybe official said ...

Music Business Worldwide14h

HYBE launches subsidiary in China, as K-Pop giant’s global expansion continues

Credit: Kathy Hutchins/Shutterstock HYBE's move to set up a new office in China arrives in the same year that its flagship ...

2d

Tencent becomes SM's No. 2 shareholder

K-pop powerhouse Hybe is offloading its entire stake in industry rival SM Entertainment to Tencent, positioning the Chinese ...

Korea JoongAng Daily on MSN19h

Police seek to raid HYBE's headquarters in chairman's fraud investigation

HYBE faces legal issues as police seek a search warrant related to founder Bang Si-hyuk's alleged fraud, following prior ...

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