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MOVES released a new statement regarding the deal they reached with Cocoa on sm entertainment. The statement, released on March 12 KST, tells the company that it has put SM Entertainment’s takeover process on hold as of today. It reads as follows: “HYBE will suspend the acquisition process of SM Entertainment (hereinafter, SM) from March … Read more

It has been reported Cocoa And MOVES have decided to stop the group game on the acquisition of sm entertainment. According to the financial industry on March 11, Kakao and HYBE reached an agreement on March 10. The two competed to become SM Entertainment’s largest shareholder before the general meeting on March 31. Details of … Read more