Both CJ ENM and SM Entertainment denied the 'takeover rumor'.

An official from CJ ENM told Star News on October 21st, "Nothing has been decided yet."

A SM Entertainment official also said, "We are discussing with various companies from various angles, but the signing of an acquisition contract on October 22 is not true."

On the same day, Maeil Business News reported that CJ ENM would sign a contract to acquire SM Entertainment as early as October 22, borrowing the words of the investment banking (IB) industry. CJ ENM is said to be evaluating the value of 100% of SM Entertainment's stake in the range of 3 to 4 trillion won.

Meanwhile, while it is known that SM Entertainment's largest shareholder, Lee Soo-man, general producer, will sell his stake, Kakao Entertainment and CJ ENM have been fighting. However, as Kakao Entertainment has not recently stepped forward, CJ ENM remains the only candidate.

Source(1)

BTS member Jimin made history at the 2024 MAMA AWARDS, becoming the first solo artist ever to win the prestigious Visa Fan’s Choice of the Year award.

On November 22, Jimin was honored with the Fan’s Choice of the Year award at the 2024 MAMA AWARDS JAPAN, held at the Kyocera Dome in Osaka, Japan. This marks a huge milestone in his career, especially considering his ongoing military service.

Jimin made history as the first solo artist to win the Fan’s Choice of the Year award, a category that BTS had dominated for six years since its debut in 2018.

In addition to this achievement, Jimin also took home the Fan’s Choice Grand Prize, making him a two-time winner at this year’s awards.

Although Jimin couldn't attend the ceremony due to his military service, his name was met with loud cheers from fans when announced.

His incredible win continues to prove his global influence as a solo artist. Jimin had also won Best Male Artist at the 2023 MAMA AWARDS, marking back-to-back wins at the event.

The MAMA AWARDS praised Jimin for his groundbreaking achievements, saying, “As the first K-pop solo artist to reach 4 billion streams and set the longest-running #1 record for a Korean artist, Jimin has proven his influence as a world-class artist and global pop star.”

Jimin's win also made him the first solo artist to claim a grand prize at the MAMA AWARDS in 10 years, with his achievement sparking excitement worldwide.

On X (formerly Twitter), the hashtag “CONGRATULATIONS JIMIN” topped the trends, while “우리지민이상받았네” (Our Jimin Got the Award) reached the #1 spot in Korea.

Jimin’s ongoing success continues to shine even during his military service. He was also recently named Best K-pop at the 2024 MTV Europe Music Awards and continues to be recognized for his charitable efforts, including a recent donation of 100 million KRW to the National Defense Soldier and Veteran Love Fund.

Source: [1]