HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment.
source https://www.cnn.com/2023/02/09/media/south-korea-hybe-sm-entertainment-deal-intl-hnk/index.html
source https://www.cnn.com/2023/02/09/media/south-korea-hybe-sm-entertainment-deal-intl-hnk/index.html
BTS agency HYBE buys stake in its K-pop rival
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