SEOUL: A South Korean activist fund is calling for Hybe Co, the agency behind K-pop sensation BTS, to raise the price of its bid and offer to buy all shares in SM Entertainment Co, a smaller K-pop label.
Hybe, the No. 1 K-pop agency with NewJeans and other popular groups, launched an aggressive bid for nearly 40% of SM’s shares, assisting founder Lee Soo-man in his fight to block SM’s deal with Kakao Corp.
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