SM Entertainment Cancels Share Issue To Kakao As K-Pop Corporate Battle Intensifies. By Liz Shackleton. Liz Shackleton. Contributing Editor, Asia. @lizshackleton1 More Stories By Liz ...

In Friday’s regulatory filing, Hybe made it clear that it will now accept Kakao’s tender offer and sell its 3.75 million shares in SM, representing a 15.8% stake, for $437 million (KRW564 ...

Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency.. The tech firm announced Tuesday that it would ...

South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for control of one of the country’s most iconic music agencies. Kakao and its ...

South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for control of one of the country’s most iconic music agencies. Kakao and its ...

In the battle for control of K-pop agency SM Entertainment, a court has blocked a diluting move that would have given Kakao a 9% share stake.

Kakao Buys 44% of HYBE’s SM Entertainment Shares, Increasing Stake to 40% HYBE still owns an 8.8% stake in the competing K-pop company after Kakao purchased an additional 1.66 million of its shares.

Kakao remains mired in crisis, with no clear path to recovery. Earnings continue to slump, and the company has failed to ...

SM Entertainment, home to such K-pop acts as NCT 127 and Red Velvet, and internet giant Kakao endured a bit of Succession-worthy drama earlier this year when the latter said it would buy a 9.05% ...

Hybe Corp., the talent powerhouse behind K-pop sensation BTS, said on Friday that it will sell its share stake in agency rival SM Entertainment. The move would finalize Hybe’s admission of ...

The K-Pop world is currently going through one of its biggest ever corporate dramas, with SM Entertainment, the label of BoA, Girls Generation, EXO and Super Junior, fighting off what its ...

South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for control of one of the country's most iconic music agencies.