![[News] Intel Reportedly Collaborates with 14 Japanese Companies to Develop Semiconductor Backend Process Technology](https://mochipop.net/wp-content/uploads/2024/01/11142447/Intel-Oregon-Moore-Park-at-RA-1.jpg.rendition.intel_.web_.1648.927-624x351.jpg)
South Korea- based entertainment titan HYBE has actually enhanced its stake in competing K-Pop business SM Entertainment.
HYBE has actually introduced in a regulative declaring that it is acquiring 869,948 shares in SM Entertainment, the home of K-Pop celebrities such as Aespa and NCT.
The worth of the purchase, according to the declaring, is 104.3 billion South Korea won, which transforms to around $78 million at existing currency exchange rate.
HYBE is acquiring the 869,948 shares in SM Entertainment from SM’s founder and previous Chief Producer Lee Soo Man.
The sale marks Lee Soo Man’s divestment of his continuing to be shares in the business he established, reports the Korea JoongAng Daily, an English- language daily released by Korea- based media business JoongAng Group, in organization with The New York Times.
Korea JoongAng Daily records that the 869,948 shares gotten by HYBE relates to a 3.64% stake in SM Entertainment which HYBE …
