HYBE Labels, the acclaimed South Korean leisure big managing artists like boyband BTS and different world Ok-Pop stars, is reportedly going to amass the multinational leisure company, SM Entertainment. But the Label is just not the one one within the competitors. Founder and former chairman of SM Entertainment Lee Soo-man can be preventing for the reacquisition of his ex-firm, claims stories. Earlier, rumours had been doing the rounds that Internet firm Kakao was keen to promote SM Entertainment. Although Kakao initially rubbished the speculations, the newest buzz is that the corporate is sticking to its authentic plan with different businesses eyeing to amass SM Entertainment.

According to a report by Koreaboo in 2023, HYBE tried to strike a deal to amass SM Entertainment. Although it made the headlines again within the day, the contract “fell via” due to reasons unknown. However, as per media portal ChosunBiz, HYBE Labels will once again step into the business market to obtain SM Entertainment. Fresh reports suggest that HYBE CEO Bang Si-hyuk has approached private equity funds (PEFs) secretly with a proposal to buy SM Entertainment. This low-key approach implies a carefully planned and cautious strategy this time, as opposed to the prior high-profile attempt. “Since Chairman Bang himself stepping forward directly may not look good, it is understood that he made the proposal privately to (financial investors),” Koreaboo quoted an business insider as saying.

In what can pose a troublesome competitors to HYBE Labels, Lee Soo-man is within the talks for his potential reacquisition of SM Entertainment. The former chairman of the corporate beforehand offered HYBE 14.8 % of SM Entertainment’s shares. His present courtroom proceedings trace that he is likely to be fascinated about making a comeback to reclaim his place. Lee Soon-man’s request to look at board assembly minutes and SM Entertainment paperwork has been granted by the courtroom, signifying that the possession dispute could also be revised.

It can be rumoured that American leisure group MGM, trend model F&F, and gaming big NCSOFT are eagerly ready for the chance to purchase SM Entertainment. According to All Ok-pop, Kakao lately launched a forensic audit to dismiss the executives from SM Entertainment who had been answerable for allegedly ousting Lee Soo-man. Further particulars of the corporate that may lastly purchase SM Entertainment are but to be decided.