Yonhap is reporting that on 10 Feb Hybe has signed the contract to purchase Lee Sooman's shares, 14.8% for 422.8B making Hybe the largest shareholder of SM Ent.
https://t.co/gf30rXGvOM
SM Ent has issued a statement that they will join forces with all the execs and artists to oppose any hostile takeovers including Hybe.
https://t.co/HqCsm6oPKk