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K-pop giant Hybe drops bid for SM Entertainment, ending takeover battle

Por: CNBC Business March 13, 2023

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Hybe, the agency representing top-selling South Korean boy band BTS, dropped its plan to take control of K-pop pioneer SM Entertainment, the company said on Sunday.Hybe's withdrawal put an end to a weeks-long takeover battle with social media giant Kakao, and will allow Kakao to expand its entertainment business further.related investing newsan hour agoHybe said its decision to halt the takeover bid came after the price to acquire SM... + full article



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