Korea’s Hybe completes purchase of 14.8% stake in rival SM


              FILE - Korean pop band BTS performs at the Times Square New Year's Eve celebration in New York on Dec. 31, 2019. Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday, Feb. 22, 2023, it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder. (Photo by Ben Hider/Invision/AP, File)
            
              A logo of SM Entertainment is seen at its headquarters in Seoul, South Korea, Monday, Feb. 20, 2023. Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday, Feb. 22, 2023, that it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder. (Jin Yeon-su/Yonhap via AP)
            
              A logo of HYBE is seen at its headquarters in Seoul, South Korea, Tuesday, Feb. 21, 2023. Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday, Feb. 22, 2023, that it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder. (Gang Min-ji/Yonhap via AP)
Korea’s Hybe completes purchase of 14.8% stake in rival SM