Reports suggest that HYBE Labels, in collaboration with founder and former chairman Lee Soo Man, is considering reacquiring SM Entertainment. This development follows speculation that Kakao may be looking to sell its stake in SM Entertainment, despite official denials.
Industry insiders indicate that several companies, aside from HYBE Labels, are interested in acquiring SM Entertainment. HYBE chairman Bang Si Hyuk is rumoured to be approaching private equity funds with a proposal to buy SM.
Multiple companies rumoured to be interested in acquiring SM Entertainment.
Additionally, Lee Soo Man is reportedly seeking to return to SM Entertainment after selling 14.8% of his stake to HYBE last year.
Other companies, including gaming giant NCSOFT, fashion brand F&F, and American entertainment conglomerate MGM, are also rumored to be potential buyers of SM Entertainment.
In related news, Kakao has launched a forensic audit to investigate and potentially remove SM Entertainment executives accused of ousting Lee Soo Man.
Stay tuned for updates on this developing story.
