HYBE completes acquisition of 14.8% stake in SM Ent, releases open letter

HYBE has completed the acquisition of a 14.8% stake in SM Entertainment.

Following their acquisition of Lee Soo Man’s shares in SM Entertainment, HYBE has released an open letter on February 22 addressed to fans, artists, employees, and shareholders. The letter provides clarity and transparency regarding HYBE’s plans and vision for the future of SM Entertainment.


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