SEOUL : South Korean entertainment company HYBE said on Friday it will acquire shares worth 423 billion won ($334.51 million) in its rival SM Entertainment to strengthen its position in the K-pop industry.The move comes just days after Kakao Corp said it would acquire a 9.05 per cent stake in SM Entertain
SEOUL : South Korean entertainment company HYBE said on Friday it will acquire shares worth 423 billion won in its rival SM Entertainment to strengthen its position in the K-pop industry.
The move comes just days after Kakao Corp said it would acquire a 9.05 per cent stake in SM Entertainment to purse joint projects including global K-pop auditions.
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