News SM Ent and China’s Tencent Music have signed a business agreement to establish an cooperation system + debut new c-group (1 Viewer)

[Xeulgi]

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[StirFriedPanda]

What this isnt telling you is that SM has no choice in the matter. HYBE sold all of its shares to Tencent. Tencent now ownsaa controlling share of SM.

 

[mysteric]

@SirPandalot it’s 9.66%, second most following kakao but it’s quite low as far as consolidation goes and would be filed as just financial assets in accounting for tencent
I think it’s a sign of hallyu ban soft lifting because as I mentioned in the stake acquisition thread, tencent was also reportedly pitching another idol group competition show
one of sm’s sea trainees was recently in shanghai too which could mean nothing but is interesting either way

 

[StirFriedPanda]

@SirPandalot it’s 9.66%, second most following kakao but it’s quite low as far as consolidation goes and would be filed as just financial assets in accounting for tencent
I think it’s a sign of hallyu ban soft lifting because as I mentioned in the stake acquisition thread, tencent was also reportedly pitching another idol group competition show
one of sm’s sea trainees was recently in shanghai too which could mean nothing but is interesting either way

Interesting, I was trying to find what I read a fee days ago about the stock sale from hybe. Hopefully it ends in a good deal for both.

 

[Ahsoka]

Interesting

 

[Selfmate]

interesting

 

[velvet]

I'd like to see where this goes

 

[centen]

Interesting. I really liked the Mandarin versions of early EXO songs and WayV has a lot of songs I like too, so I could see this being good.

 

[RandAlThor]

after hybe sold their stock to them looks like a take over..
They will prob buy kakao