HYBE and Tencent Music did not respond to requests for comment. HYBE has been expanding its U.S. presence since its 2021 acquisition of Scooter Braun ‘s Ithaca Holdings.

HYBE was one of the week’s best performers after gaining 4.0% to 296,000 KRW ($216.26). The company gained heavy press attention for the culmination of military service for BTS members Jimin and ...

South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

K-pop powerhouse HYBE said Tuesday it will sell its entire stake in rival SM Entertainment to Tencent Music Entertainment Group, a subsidiary of China's tech giant Tencent, for about 200 billion ...

SEOUL, May 23 (Reuters) - South Korean entertainment company HYBE, home to K-pop superstars BTS, said on Tuesday it has signed a music distribution deal with China's Tencent Music.

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to ...

Tencent will replace Hybe as SM’s second-largest shareholder with a 9.66 percent stake. Korean IT giant Kakao remains the largest shareholder, with 41.5 percent through itself and its content ...

HYBE Corporation has sold its entire 9.66% stake in SM Entertainment, worth 243 billion KRW (around USD 178 million), to Tencent Music. This major move is reshaping the K-pop landscape and ...

In a significant reshuffling of K-pop industry stakes, HYBE has officially ended its two-year-long investment in SM Entertainment by selling its remaining shares to Tencent Music Entertainment.

South Korean entertainment company HYBE, home to K-pop superstars BTS, has signed a music distribution deal with China's Tencent, the Seoul Economic Daily newspaper reported on Tuesday citing a ...