News HYBE ACQUIRES $78M STAKE IN SM ENTERTAINMENT FROM K-POP COMPANY’S FOUNDER LEE SOO MAN (2 Viewers)

[StirFriedPanda]

@Selfmate Your out of a job but atleast you won't be homeless.

HYBE acquires $78m stake in SM Entertainment from K-pop company’s founder Lee Soo Man - Music Business Worldwide

SM Entertainment founder Lee Soo Man sells his remaining shares to HYBE…

www.musicbusinessworldwide.com

 

[RandAlThor]

@Selfmate Your out of a job but atleast you won't be homeless.

HYBE acquires $78m stake in SM Entertainment from K-pop company’s founder Lee Soo Man - Music Business Worldwide

SM Entertainment founder Lee Soo Man sells his remaining shares to HYBE…

www.musicbusinessworldwide.com

its just the end of teh deal from last year.
if hybe had been successful and improved SM they would have made money on this.
but Kakao did not help and now the stock is down almost 40% from the price they had to pay LSM for these shares.
so they lost some of the money they made by selling out to kakao last year.

 

[catonkatonk]

It'd be funny if LSM used the money to buy them back at the 40% discount

 

[Selfmate]

@Selfmate Your out of a job but atleast you won't be homeless.

HYBE acquires $78m stake in SM Entertainment from K-pop company’s founder Lee Soo Man - Music Business Worldwide

SM Entertainment founder Lee Soo Man sells his remaining shares to HYBE…

www.musicbusinessworldwide.com

I'm rich (again)

It'd be funny if LSM used the money to buy them back at the 40% discount

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