Posted Reaction in PublMe Community Space: Music from Within

    HYBE pulls out of bid to acquire 40% stake in SM Entertainment: ‘The market has been showing signs of overheating due to our competition with Kakao.’It's the end of the road for HYBE's ambition to buy up a large stake in one of its biggest K-pop rivals
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    It’s the end of the road for HYBE’s ambition to buy up a large stake in one of its biggest K-pop rivals. The road now seems clear for Kakao to buy a 35% stake in SM Entertainment.

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