K-pop Giant Hybe to Raise About $380 Million for US Deals (1)

Hybe Co., the South Korean music agency behind BTS and Ariana Grande, is seeking to raise around 500 billion won ($380 million) to fund acquisitions in the US and expand its business beyond K-pop.

The Seoul-based company is in talks with investors to secure equity financing, according to people familiar with the matter, and is open to having both strategic and financial partners. The size and timing of the deal could change, said the people, who asked not to be identified because the talks are early. Hybe’s shares fell as much as 5.1% in Seoul on Friday.

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