HYBE to discontinue acquisition of SM Entertainment after discussion with Kakao

South Korean internet giant Kakao is now poised to become the majority shareholder in K-pop label SM Entertainment

SM Entertainment releases statement in support of Kakao’s tender offer

SM says Kakao's tender offer for a 35 per cent stake would "ensure autonomous and independent management of the company"

Kakao makes bid to become SM Entertainment’s largest shareholder, fending off HYBE

After HYBE’s tender offer leaves it with a 15 per cent share in SM, internet giant Kakao announced its aim to acquire up to 35 per cent of the K-pop agency