A South Korean court blocked SM Entertainment Co. s planned share sale to internet giant Kakao Corp., scuppering the company s favored plan and openin.
SM Entertainment Co. s profit soared 70% thanks to a resumption of overseas concerts and live events, underscoring the K pop agency s value as it trie.
A South Korean activist fund is calling for Hybe Co., the agency behind K Pop sensation BTS, to raise the price of its bid and offer to buy all shares.
BTS Manager HYBE to Buy Stake in Peer SM Entertainment to Expand K-Pop Empire morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.