HYBE Sells SM Entertainment Stake to Tencent: A Game-Changing Move in K-Pop
In a bold move that’s shaking up the K-pop industry, HYBE, the powerhouse behind global sensations like BTS and SEVENTEEN, has sold its entire stake in rival SM Entertainment to Tencent Music Entertainment, a subsidiary of Chinese tech giant Tencent. This deal, valued at approximately $177 million, marks the end of HYBE’s two-year investment in […]