Afterward, the businessman and producer held a Q&A session with the press, where he personally opened up about the recent developments surrounding the acquisition ofBang Si Hyuk first revealed that HYBE initially made offers on two occasions in 2019 to acquire SM Entertainment, as a part of the corporation's future vision and growth. Then in 2020, the potential to acquire SM Entertainment arose once again, but without tangible results. .
"I was under the impression that the acquisition would be relatively peaceful. So the events which followed, from the overheating of the market to the fierce 'acquisition battle', as it has been termed, were all completely outside of my expectations.""I did not want to pursue the acquisition at the expense of damaging HYBE's shareholder value and disrupting order in the market.
"Of course, companies contributed greatly in the growth of K-Pop up to its current status today. However, the ones who contribute and direct the industry itself are the artists who fulfill their duties to their fullest potential.
Finally, Bang Si Hyuk cautiously shed light on founder Lee Soo Man's reaction to the latest developments surrounding SM Entertainment. Bang relayed, "I was not able to inform Lee Soo Man sunsaengnim of the developments until after the settlement was reached. But afterward, I took the time to provide him a detailed explanation of HYBE's decision, and he did not show any particularly emotional reactions. He only said, 'You could have won it, so why did you stop?'. But he did not openly express his disappointment in my decision.
Hybe: You're pretty, i want you 💕 SM: Mmm... I don't know Hybe: i'm pregnant with your child. Let's get MARRIED NOW!!! SM: .... Hybe: i will tell my friends I LEFT YOU!!!
That is a clickbait question. There are no 'win' or 'lose' in corporate actions. If anything, if a company failed to protect their shareholders' value then it is a 'lose' for them. HYBE sees that the bidding war is detrimental for their shareholders' value and backed off.
The fat pig loseth to the media giant
Mr.Bang Si Hyuk didn't lost something...He is not a guy which is losing...He wanted to do something good and nothing more ...If I was asking things before and saying, it is cause most of the headlines are some nonsense and some not right
There is a small mistake in the title. Here, I'll fix it for you: 'Bang Si Hyuk doesn't respond to a question...'
It’s a wise decision at last, the battle will only harm the company, artists schedule and ofc fans. Hybe did not lost, it a decisions for everyone whose got affected.
Where are now the hybe stans who claimed that it was lsm who begged hybe for this purchase and flatly denied that hybe had tried to buy the shares before?
Ha ha hybe stan crying in the corner
Army tya
When you want to fight the big one....a chaebol🤣
SM is tanking and a sinking ship.. the hell these companies fighting for.
Don’t be shy, simplify it for brainless armys — you don’t have enough money coz you need it for Payola 😂
He lost lol 😂
Backing out the best move for them
So he already knew that continuing with the acquisition will disrupt the kpop industry yet he still wanted to do it, glad Kakao stopped him.
Creepy loser 👁
All 3 are fl0ps. bsh, sm & kakao
🫳🫳
Of course he lost but got out with what he wanted 'SM IP for platform'
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🙇♀️
Did he loose
that man is hideous
why is it in quotes, he literally lost to them 💀💀💀