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Posted by Germaine-Jay 17 days ago

SM Entertainment reveals official statement on sales of Lee Soo Man's shares

AKP STAFF

SM Entertainment has revealed an official statement on the sales of Lee Soo Man's shares.

Lee Soo Man is known to have founded the label in 1995, and he's also officially the largest shareholder of the agency. On May 27, SM Entertainment announced its position on the sales of Lee Soo Man's shares, stating, "Nothing has been confirmed."

The label stated, "SM Entertainment is having multilateral discussions with various companies relating to business alliances and equity investment, but no details have been confirmed."

Previously, media outlets reported Naver and Kakao Entertainment were competing to acquire the stakes of SM Entertainment. 

  1. Lee Soo Man
  2. SM ENTERTAINMENT
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anker-90
anker-90348 pts 17 days ago 2
17 days ago

People STAY obsessed with SM because SM will always be the OG and the one to beat

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hiroonakamura
hiroonakamura4,050 pts 16 days ago 0
16 days ago

is he about to sell ALL his shares or just a little bit?

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