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Saturday, December 2, 2023

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Watch: SM Leisure Releases Video Assertion Concerning Their Stance Towards HYBE’s Acquisition

SM Leisure (hereafter SM) has launched a prolonged video assertion concerning HYBE’s acquisition.

On February 20, SM Leisure uploaded a video to their official YouTube channel titled “The rationale why SM is in opposition to HYBE’s hostile takeover,” detailing at size the explanation behind their opposition in opposition to HYBE’s M&A (mergers and acquisitions).

Within the video, SM Leisure CFO (Chief Monetary Officer) Jang Cheol Hyuk begins by stating, “As quickly as SM’s new imaginative and prescient ‘SM 3.0’ was introduced, the most important shareholder offered his stake, and a hostile takeover try by a competitor began. That is an try that ignores not solely the fierce deliberation and efforts of the 600 SM staff who’ve dreamed of changing into the No. 1 leisure firm on the earth, but in addition the values and satisfaction of SM that it has pursued along with the followers and artists.”

SM particulars the next details:

  1. HYBE’s takeover is similar as returning to the fallacious previous of “SM for a sure shareholder.”
  2. The synergies talked about out there are for HYBE shareholders, not for SM shareholders or for K-pop.
  3. HYBE deliberately evaded FTC (Truthful Commerce Fee) evaluation—SM’s company worth shall be undermined within the technique of FTC evaluation.
  4. Preview of the general technique of “SM 3.0”

Try the complete video with English subtitles under:

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