[Exclusive] CJ ENM acquires SM Entertainment

Insiders claim that CJ ENM will be purchasing approximately 18.73% of SM’s shares, formerly owned by Lee Soo Man

SM, “We are currently discussing many options with multiple companies. That report is not true”

original post: theqoo

1. Wow, a day like this is coming. Wow… SM is being taken over by another company

2. And SM will manage groups from Mnet survival shows…

3. CJ takes over SM..? MAMA will be SM’s party

4. Can’t we see BTS at MAMA anymore?

5. Wow, I never imagined that SM would be taken over by someoneㅋㅋㅋ

6. CJ is too monopolistic, this will ruin the entertainment industry

7. SM’s Chinese dream will be given wings

8. Now Big3 is Kakao, CJ, and HYBE

9. Well, I’m worried about the future of K-pop…

10. CJ will take good care of SM now.. Mnet, TVN and award ceremonies