SM Entertainment has released an official statement in response to HYBE’s announcement that it will no longer be attempting to take over the company.that it had come to an agreement with Kakao regarding their highly public battle to secure management rights and control of SM Entertainment. In a formal statement, HYBE declared that it would “discontinue the acquisition process of SM Entertainment,” leaving the door open for Kakao to take over the company.
Kakao announced today in a statement, “SM Entertainment’s strongest assets and driving force are its employees, artists, and fandoms; and in order to respect them, we will maintain autonomous/independent operations, and we will accelerate global growth with a focus on the current management’s strategic direction and vision for the future, including ‘SM 3.0.'” The “SM 3.
We would like to express our deep gratitude to the SM shareholders, fans, employees, artists, and everyone else invested in this matter who rooted for and supported SM Entertainment until the end, even amidst the unexpected confusion that followed our SM 3.0 strategy announcement on February 3.
I didn't understand I'm confused Did hybe who kept SM shares, hybe return SM shares back? Now hybe don't have SM shares?!?
Cinta segitiga baru selesai
I can't wait for SM stans to cry when their artust gonna disband when kakao take over hheehheehehhe
good but still not trusting sm till what they plan with their artists acc happens
For a few days, some of us hoped for good winds in the direction of Yunho. Let's back to nowhere again
Plot twist: hybe reserved their money for KKOent IPO and buy their stock for majority stakeholder. 🤣
Now I'm more worried about IST and Starship as they were the main kpop companies under Kakao now with SM joining the roster will this companies take the back burner?
L moment
When u dikasi cobaan but u malah cobain, LSM good luck bro 😏
This shows how HYBEOFFICIALtwt is. SM don't deserve HYBEOFFICIALtwt Don't save a company that doesn't want You did a great job ✊✊ In all this SMTOWNGLOBAL just tried to ruin HYBEOFFICIALtwt ' name, goodwill, etc.
As long as there's less chance of groups being ignored then dissolved ... wouldn't at all mind a new ceo and management honestly. It's pretty awful as we have seen the last 2 years.
SM now turns into a literal business company. Produce and sell products, and the employees and artists seem like factory workers.
Thanks for this drama at least RV got their Job again... And they said 'not biased again' im waiting...
No one rooted for SM - Kakao because Kakao sucks alot. No one likes you at all.
Shy Hype🤭💪
Please, we all know with SM being under Kakao (a company that has no idea how to run a single kpop group) its gonna be the downfall. Also let's be real, Hybe could take SM anyday but chooses not too because it doesn't benefit anything. SM with Kakoa screams nepotism.
'Focuses on its fans and shareholders' lol and what about the artists?
WE WON AGAINST THE EVIL 🤣🤣
Good job Hybe,we need go forwards! We don't need such a ptoblematic ballast like Sm!
Good job HYBE!! Now focus on your successful artists 💅 let the mediocre take care of each other
Good Job HYBEOFFICIALtwt ! This is all what we wanted 💜🎉
So now what will happened to Lee So Man ...Can anyone tell ...🙃
Bye bye hbye
Finally
Pinkloude1
most problematic agency
Latino King is coming! ROVER_MvTeaserOutNow Rover KAI_Rover EXOKAI Kai
We're gonna see aespa_official and Mave collaboration in the future 😎
Let me go get some popcorn and watch the downfall of SM after this
Good job SM! Let's go PinkBlood 💪
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