SM Entertainment Releases Statement Regarding Acquisition Of Lee Soo Man’s Shares

Nothing is set in stone.

SM Entertainment announced its position that “Nothing has been confirmed,” in regard to the ruling about the sales of shares of the largest shareholder.

According to SM Entertainment, “SM Entertainment is having multilateral discussions with  various companies relating to business alliances and equity investment, but no details have been confirmed.”

Previously, Mail Economic Daily reported that Naver and Kakao Entertainment were competing for the acquisition of stakes in SM Entertainment.

Source: the fact