The statement, released on March 12 KST, has the company announcing that they have suspended the SM Entertainment takeover process as of that day. It reads as follows:
HYBE set an appropriate acquisition price range that considered the tangible and intangible costs that could arise in SM's post-merger integration from a mid-to-long-term perspective, acquiring the shares of former general producer Lee Soo Man, and conducting a tender offer.
Due to this situation, discussions with Kakao recently took place, and the two companies reached a sweeping agreement. HYBE agreed to suspend the process of taking over management rights from SM, and at the same time reached an agreement on ways to cooperate regarding platforms between the two companies.
We cheered for hybe loss ha ha
🙏
Plot twist: HYBE acquires Kakao🤐
💜💜
This shows how HYBEOFFICIALtwt is. SM don't deserve HYBEOFFICIALtwt Don't save a company that doesn't want You did a great job ✊✊ In all this SMTOWNGLOBAL just tried to ruin HYBEOFFICIALtwt ' name, goodwill, etc.
Great step by HYBEOFFICIALtwt . Don't save a company that doesn't want it. SM don't deserve HYBEOFFICIALtwt 😊 💖💖💖
Congrats aja lah..😂
HYBEOFFICIALtwt you're a diagrace to Bts's legacy. you just made a fool of yourself trusting a complicit/traitor's mouth for the future of kpop music. Bang si hyuk HYBEOFFICIALtwt , both of you are a laughing stock in biz world now.. how can you easily cower by their words or
Congrats HYBE for saving yourself from the mess. Now we'll enjoy the exploitation party after the monopoly hysteria 😂😂😂😂😂😂 i hope they have good mental health
Just for those naive HYBE fan that kept saying HYBE will not interfere with SM management. Wake up, it is a business transaction.
suga & IU will collab, so hybe & kakao maintain their mood 😌
it just hybe running out of budget for the acquisition
Well played Now, GIVE ME LESSERAFIM C O M E B A C K
Now that HYBE has LSMs subsidiaries stock so they do have leverage to make Kakao do a joint venture on artists song rights and distribution. HYBE owns enough to keep SM clean and Keep Kakao from total control.
👏👏👏👏 congratulations HYBE
It was a long fight but it was worth it hybe vs kakao but it was for the best 👌
hybe kayak lagi main tarik tambang, pas kakao narik kenceng bgt eh langsung dilepas. hybe untung besar dan ga rugi sedikitpun, mereka dpt duit banyak bgt, dan perusahaan mereka ga terdampak apa2. kalo ada yg bilang hybe kalah, ga sama sekali, konglomerat cuma butuh duit cuy 😎
And for those who said Hybe run out of money : in business, one wouldn't spend money to what they see as unprofitable. That's basic economic principle. By the agreement w/ Kakao, Hybe see more profitable chances so they suspen the acquisition.
Mmm... Well.. 'Expressed its gratitude to all those who have supported and encouraged the SM acquisition.' 😎🤘
So it most likely that SM artists to move to weverse? 😂 It's still profitable for Hybe.
I guess we reached the final episode LMAOO 😭😭😭😭
Business wise, i think it's advantageous for both Hybe and Kakao. They're both business corporation and won't come to agreement if they don't gain something for it.
DreamcatcherInChicago
The new HYBE and KAKAO deal is for SM to merge DEAR U with HYBE Weverse platform. So SM Artists will now move to Weverse soon and the private message feature will be added to Weverse as well. HYBE gonna make a ton of money from their Weverse platform alone now lmao, still a win
I vote YetToCome for BestMusicVideo at the 2023 iHeartAwards! 🏆
HYBE literally has THEE BTS and NEWJEANS..they are MORE than good. Plus not even counting TXT who's rising globally, and the new BigHit boy group who I know for a fact gonna be HUGE......oh AND Min Heejin new boy group too. HYBE is and will continue being the 1 Kpop company
We don't want exo,suju, bct etc in our house they are all headaches, controversies left and right🙈 hybe can debut new groups that can easily sells million and chart for gg
Those weirdo hybe stans in shambles
So who have more shares in sm now Kakao or Hype?
just here wishing fo a suju or shinee comeback
hybe ran out of money, call a spade a spade. no hybe monopoly, bang out of the way and lee soo man gone for good, we cheered
win -win ( 50-50) both ,Hybe still being SM share holder 1 Kakao at 2 ? ( platform weverse +bubble ) will coming 😉
🎉🎉🎉🎉
And all their money for LSM shares ? I'm sad 😩 Now save EXO 😭😭
nice one hybe 🎉
This game is getting a little bit suspicious.
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HYBE & Kakao hold second meeting to come to a settlement on the acquisition of SM | allkpopAccording to media outlet reports on March 11 KST, representatives of HYBE and Kakao held a private meeting on the afternoon of March 10 to discuss … Sayur asem + Koko pandan + hati babi = ajengan nasi I meme I do not like the logo Sm with hybe 😤 See this how you do it folks but it’s kind of sad that this what SM has come to with all the stealing and etc
Source: allkpop - 🏆 573. / 51 Read more »