On March 15, Bang Si Hyuk attended the Kwanhun Forum where he shared an in-depth explanation of HYBE’s recent withdrawal from its acquisition of SM Entertainment and Lee Soo Man’s reaction.with SM Entertainment founder Lee Soo Man to acquire a 14.8 percent stake in the company, making them the largest shareholder. The deal came in response to Kakao’s attempt to purchase a 9.
Following reports that HYBE and Kakao had come to an agreement regarding their battle for management rights and control of SM Entertainment, it wasBang Si Hyuk began by revealing that he personally felt very good about the decision. He explained that the agency had been discussing the acquisition of SM Entertainment since 2019 and added, “It’s true that we already put in two offers back then and got rejected.
Ultimately, Bang Si Hyuk explained that the agency decided to withdraw from the acquisition as it was not “HYBE-like.” He elaborated, “‘HYBE-like’ is the right choice, and the choice that does not make members feel ashamed. At any moment, I thought that I had to make a reasonable and correct decision.
Bang Si Hyuk also apologized to artists and fans who were hurt and confused by this battle, stating that this was another one of the reasons behind HYBE’s decision to withdraw.
His decision to withdraw from acquiring SM was a wise and thoughtful move, demonstrating his sharp business acumen and commitment to ethical business practices.
Ha ha hybe loser,they think they already powerful enough
Many changes
it’s so funny how hybe, even kpop be fl0pping w/out BTS
Bang pd the best!
Pinkloude1
**bang pd lies out of his ass There, fixed your headline
I hope BTS members renew there contract, I'm never gonna be able to get over if they decided to disband
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Bang Si Hyuk responds to a question asking whether or not HYBE 'lost' the SM acquisition battle against Kakao | allkpopOn March 15, chairman Bang Si Hyuk of HYBE Corporation attended a forum hosted by Kwanhun Club, where he gave a lecture titled 'The Future of K… that man is hideous why is it in quotes, he literally lost to them 💀💀💀 He is the best business for sure.. hope kakao regains its sense.. cause he is the reason Why Korean Net worth is increased.. He just wants more agency to increase that worth of Korea.. literally proud of you.. You are my Ideal🙇♀️
Source: allkpop - 🏆 573. / 51 Read more »
Bang Si Hyuk suggests a business outline for the 'Future of K-Pop' in the absence of BTS's team promotions | allkpopChairman Bang Si Hyuk of HYBE Corporation presented a business outline for the 'Future of K-Pop' during a forum hosted by Kwanhun… future of k pop?... DINO? He always finds a way to belittle the success of the other kpop groups and companies. Even with the absence of BTS, kpop will thrive and survive. lol
Source: allkpop - 🏆 573. / 51 Read more »