Netizens React To CJ ENM Probably Buying A Stake In SM Leisure

“An actual monopoly has simply entered, LOL.”

Koreaboo

7 hours in the past

Netizens reacted to the information that CJ ENM is contemplating buying a stake in SM Leisure.

On February 14, the K-Pop business was as soon as once more shaken to its core when information reviews acknowledged that the Korean conglomerate, CJ ENM, was contemplating buying a stake in SM Leisure.

In response to IB and leisure business insiders, CJ ENM are discussing the circumstances proposed by Kakao concerning their participation within the acquisition of shares in SM Leisure.

CJ ENM Is Contemplating The Acquisition Of SM Leisure, Becoming a member of Arms With Kakao

The conglomerate is reportedly contemplating buying as much as 19% of SM Leisure shares, making it the biggest shareholder. Additionally noteworthy is the revelation that CJ ENM has been eyeing SM Leisure’s shares since 2021 however reconsidered after Lee Soo Man acknowledged he want to preserve his position on the firm.

Followers and netizens alike had been shocked by the information, contemplating the dimensions of CJ ENM. The corporate is a part of the CJ Group, one of many largest companies in Korea, and was based by the late Lee Byung Chul, who additionally based Samsung.

CJ ENM presently owns tv networks tvN, Mnet, and OCN.

Netizens had a blended response to the information. Whereas some welcomed CJ ENM as an alternative choice to HYBE, others had been skeptical of CJ ENM’s intentions.

“I’m truthfully not an SM fan, but it surely’s so heartbreaking to see what is going on… I can see why (SM ENtertainment’s) workers really feel so hopeless.”
“I believe it’s higher if HYBE simply takes over.”
“I really feel like if SM Leisure goes to Kakao and CJ ENM, it will likely be damaged up into little items.”
“I assumed when it was simply Kakao vs. HYBE that HYBE was higher, however now that CJ is concerned, I’m positive that HYBE can be higher.
“An actual monopoly has simply entered, LOL.”
“As somebody outdoors trying in, it’s very attention-grabbing, LOL. If HYBE takes over SM, you possibly can say HYBE will personal all of K-Pop, so I believe this facet (CJ ENM) is healthier.”

What are your ideas?