SEOUL (Reuters) – HYBE acquired a further 0.98% stake in its rival SM Entertainment through a tender offer, a regulatory filing showed on Monday.
The BTS agency sought to purchase up to 25% of SM through a tender offer last month but fell short of that goal.
HYBE owns a 15.78% stake in SM as of Monday.
(Reporting by Hyunsu Yim; editing by Jason Neely)
