Bang Si Hyuk got candid about what went down between HYBE and SM Entertainment and mentioned that it was not his personal goal to acquire the agency. He further mentioned that HYBE made two offers which were rejected both times. Lee Soo Man, the founder of SM then contacted Si Hyuk and asked him about his thoughts on acquiring stocks, which he then agreed to since he thought it was alright at the time. What they did not expect after was the overheated and competitive battle for acquisition that was creating significant damage. HYBE Discontinues Acquisition Process of SM Entertainment After Coming to Agreement with Kakao.

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