Hybe Becomes the Largest Shareholder of SM Entertainment, its Biggest Rival in Korea
Deal has the potential to put HYBE in the same league as the “big three” major record labels: Sony, Universal, and Warner Music. Hybe, the agency of the supergroup BTS, made a public announcement on Feb. 10th that it would acquire 14.8% of the shares held by Soo-man Lee, the major shareholder of SM, for…