K-pop agencies HYBE and Kakao , battling each other to tie up with rival SM Entertainment , are facing the new challenge of a possible review by the South Korean competition regulator should either succeed.
"Though there have been acquisition deals involving small and medium-sized entertainment agencies, a deal on this scale is a first for us," the official added.
Shares of SM Entertainment gained 1.13% on Monday, while HYBE's fell 3.23% and Kakao's 4.88%. SM's market capitalisation is 2.76 trillion won .
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