Money Today Reporter Samuel Kim | 2023.02.09 20:25
Hive, the BTS agency, also jumped into the dispute between Kakao and general producer Lee Soo-man over the management rights of SM Entertainment. In the industry, there are observations that Hive will stand out as a white knight for General Lee Soo-man against Kakao and the current SM management.
On the 9th, in response to the Korea Exchange’s request for public disclosure regarding the report on the acquisition of SM shares, Hive said, “We are continuously reviewing matters related to the acquisition of shares, such as the tender offer for SM’s shares.” We will announce it again within a month.”
With Hive officially acknowledging that it is pushing for a tender offer for SM shares, Kakao’s plan to acquire SM is likely to fall into a mystery. Kakao plans to acquire a 9.05% stake by acquiring new shares and convertible bonds from SM’s paid-in capital increase. He is the second-largest shareholder after the current largest shareholder, Lee Soo-man.
Regarding the acquisition of Kakao’s shares, General Manager Lee Soo-man filed an application for a provisional injunction to cancel the capital increase, arguing that “investing through paid-in capital increase and convertible bonds is an illegal act that violates the commercial law and the articles of incorporation.”
If Hive promotes a tender offer for SM stocks, there is a possibility that it will purchase the shares of Lee Soo-man, the current largest shareholder, and general minority shareholder stocks. In this case, Hive will become the largest shareholder of SM and take control.
It is observed that if Hive, which has global artists such as BTS, Seventeen, Tomorrow by Together, ENHYPEN, New Jeans, and Le Seraphim, acquires SM, which includes NCT, Espa, and EXO, a significant change in the perception of the K-pop industry will occur. .
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
