Media and Entertainment Media and Entertainment
Wed, May 28, 2025
[ Today @ 07:44 AM ] - Fortune
Top CD rates today, May 28, 2025
Tue, May 27, 2025
Mon, May 26, 2025
Sun, May 25, 2025
Sat, May 24, 2025
Fri, May 23, 2025
Thu, May 22, 2025
Wed, May 21, 2025
Tue, May 20, 2025
Mon, May 19, 2025
Sun, May 18, 2025
Sat, May 17, 2025
[ Sat, May 17th ] - wjla
My India, May 17
Fri, May 16, 2025

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


//media-entertainment.news-articles.net/content/ .. -pop-rival-sm-entertainment-for-177-million.html
Published in Media and Entertainment on Tuesday, May 27th 2025 at 12:24 GMT by Variety   Print publication without navigation

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

HYBE, the South Korean entertainment company behind BTS, has sold its remaining 15.8% stake in rival K-pop agency SM Entertainment for approximately $177 million, marking the end of its involvement with SM. The sale was executed through a block deal on the open market, with the shares sold at 150,000 won each, totaling 3.8 million shares. This move comes after HYBE had previously reduced its stake in SM from 16.8% to 15.8% in October. The decision to divest completely from SM is part of HYBE's strategy to focus on its core business and enhance shareholder value, amidst ongoing competition and shifts in the K-pop industry landscape.

Read the Full Variety Article at:
[ https://variety.com/2025/music/news/hybe-sells-remaining-stake-k-pop-sm-177-million-1236410853/ ]

Publication Contributing Sources