CJ ENM will not buy shares in SM Entertainment Soompi

CJ ENM does not participate in the debates.

While the company wanted to buy SM Entertainment a few years ago, the current situation surrounding the agency presented it with an opportunity.

With HYBE and Kakao buying back shares of SM Entertainment and the possibility of becoming the agency’s controlling shareholder more open than ever, one might wonder if CJ ENM would get in the game.

cocoa CJ had also suggested ENM to buy back shares for a partnership.

On February 24, the company then announced on the subject that CJ ENM ultimately had no interest in becoming a shareholder of SM Entertainment.

CJ ENM said: “We have made the final decision not to acquire any interest in SM Entertainment. »

Source: spotvnews