Tencent Music Entertainment (TME) has become the second-largest shareholder of SM Entertainment after acquiring shares from HYBE. Analysts from Hana Securities and Shinhan Investment Corp have raised the target stock price of SM following the acquisition, citing potential synergies in future China-oriented businesses and a possible resumption of business in China. The sale is also seen as positive for HYBE in terms of cash acquisition and for SM in terms of resolving overhang risks.
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Auto-posted at: 2025-05-28 09:03:14