announced that it is not true that they participated in the acquisition of shares ofOn February 15 KST, CJ ENM announced that the rumor that they would join hands withOn the February 7, SM Entertainment entered into a strategic partnership with Kakao Entertainment and signed a contract to acquire new stocks and convertible bonds. They then announced that it had secured a 9.05% stake in SM, and that they would become the second largest shareholder of SM Entertainment through this investment.
on February 10. HYBE, which became SM's largest shareholder, announced on February 10 KST that it had signed a contract to acquire 14.8% of Lee Soo Man's shares.that Kakao was considering joining forces with CJ ENM, it seems those rumors are now put to rest.
Of course, that company is broke