Well, the SM Entertainment Internal War has taken another turn, as HYBE recently effectively failed to achieve their desired public takeover and Kakao has launched their own attempt in response. …
Read More »Lee Soo Man wins lawsuit against SME, blocks company from issuing shares to Kakao
Back near the start of this mess, the rather hilarious news dropped that Lee Soo Man had sued the company he founded, SM Entertainment. That move was essentially to prevent …
Read More »HYBE paid Lee Soo Man additional ~$50+ million for stake in SME subsidiaries, will fund LSM’s tree planting project
In the latest episode of As SM Entertainment Turns, it’s being reported that HYBE had purchased SME subsidiaries belonging to Lee Soo Man for an additional ~$55 million around the …
Read More »HYBE launches ‘SM With HYBE’ campaign, cite comparisons of SME/Kakao deal to Eulsa Treaty for some reason
Following HYBE acquiring Lee Soo Man‘s shares in SM Entertainment, now the internal war is basically down to who minority shareholders will sell to/side with. Lee Sung Soo‘s side has …
Read More »HYBE officially acquire Lee Soo Man’s stake in SME, release open letter talking up their similarities
HYBE has released an open letter from CEO Park Ji Won, addressed to fans, artists, employees, and shareholders of SM Entertainment, informing them that they’ve finalized their purchase of Lee …
Read More »SME releases video with CFO Jang Cheol Hyuk denouncing HYBE’s ‘hostile takeover’, outlines reasoning
Wishes do come true, as SM Entertainment has continued to fight their internal war through YouTube videos of all things, this time with the Align Partners and Lee Sung Soo …
Read More »Dispatch details shady business practices that made Lee Soo Man ~$580 million in the past 23 years
As a part of the ongoing SM Entertainment civil war, Lee Soo Man recently entered his sad boi era in response to sweeping allegations by SME CEO Lee Sung Soo …
Read More »Lee Soo Man responds to Lee Sung Soo’s sweeping allegations by entering sad boi era and saying ‘my heart hurts’
Yesterday, sweeping allegations ranging from tax evasion to megalomania were made against Lee Soo Man by SM Entertainment CEO Lee Sung Soo, as the latest installment of the company’s internal …
Read More »HYBE becomes top shareholder in SME, Bang Si Hyuk & Lee Soo Man release joint statement, SME co-CEOs claim ‘hostile’ takeover
Well, things got hot and heavy extremely quickly in the SM Entertainment mess, huh? Following earlier reports that HYBE was considering investing in SME, it’s now been confirmed that they’ve …
Read More »HYBE confirms to Korea Exchange they are considering acquiring stake in SME
In light of all the turmoil surrounding SM Entertainment at the moment, with an apparent coup underway and founder Lee Soo Man suing to stop Kakao’s investment in the company, …
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