HYBE Sells Remaining Stake in K-Pop Rival SM Entertainment for $177 Million

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to such groups as EXO, Aespa (pictured above) and NCT 127; Tencent Music is a subsidiary of Chinese tech giant Tencent. The deal will see […]

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