SEOUL, May 27 (Yonhap) -- K-pop powerhouse Hybe said Tuesday it will sell its entire stake in rival SM Entertainment to China's Tencent for 200 billion won (US$145.5 million). In a regulatory ...

NetEase Cloud Music’s lawsuit against SM Entertainment, one of South Korea’s biggest K-pop companies, became a trending topic ...

South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

Hybe, the group behind K-pop superstars BTS, said Tuesday that it will sell its remaining stake in competitor SM Entertainment to Tencent's music unit. Hybe has a nearly 10% stake in SM Entertainment.

In recent trading, shares of Tencent Music Entertainment Group (Symbol: TME) have crossed above the average analyst 12-month target price of $18.55, changing hands for $18.76/share. When a stock ...

TENCENT MUSIC ENTERTAINMENT Hedge Fund Activity We have seen 123 institutional investors add shares of TENCENT MUSIC ENTERTAINMENT stock to their portfolio, and 220 decrease their positions in ...

SEOUL (Reuters) -China's Tencent Music is expected to become the second-largest shareholder of major K-pop agency SM Entertainment, according to a South Korean filing on Tuesday. South Korea's ...