Tencent Music Entertainment Group, Tencent’s online music arm, will purchase Hybe’s 2.2 million shares in SM Entertainment for 243 billion won ($176.6 million), according to a Hybe corporate ...

SM Entertainment, the K-pop powerhouse behind aespa and SHINee, will join forces with Tencent Music Entertainment to launch a Chinese idol group within the next three years under a new agreement ...

HYBE disclosed the sale of its remaining 9.38% stake in SM Entertainment to Tencent Music Entertainment, a subsidiary of Chinese tech giant Tencent.

SEOUL, May 28 (Reuters) - China's Tencent Music , opens new tab, is expected to become the second-largest shareholder of major K-pop agency SM Entertainment , opens new tab, according to a South ...

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to ...

Tencent Music Entertainment Group, which is controlled by Tencent, will buy the stake from BTS-agency Hybe Co Ltd., which is selling its remaining 2.2 million shares in SM Entertainment at 110,000 ...

South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

For Tencent, the deal would mark its first major investment in South Korea’s music industry in years. It owns a 4.3 per cent stake in YG Entertainment and a 5.95 per cent holding in Kakao, South Korea ...