HYBE’s $860M BLUNDER?! Stars BOLT & SHOCKING Allegations! 😱
Did you know HYBE allegedly paid a mind-blowing 3.16 *times* Ithaca Holdings' asset value back in 2021, only for their biggest stars to reportedly *bolt* soon after? What was supposed to be a groundbreaking expansion for the K-pop giant is now under intense scrutiny, sparking massive concern across the fandom! Initially, the deal for Scooter Braun’s company, touted with global powerhouses like Justin Bieber and Ariana Grande, was celebrated as a strategic move. However, reports now claim that these very artists “terminated and left” HYBE America shortly after the acquisition, raising serious questions about the massive 1.2 trillion KRW price tag. Even more dramatically, Taylor Swift’s master rights were sold *before* the deal, making the goodwill premium seem baffling, with some suggesting it was closer to *ten times* the real value! Adding fuel to the fire, HYBE America has been bleeding cash, recording consecutive losses totaling hundreds of billions of KRW. These revelations have led to calls for a thorough investigation into HYBE America's cash flows and even Bang Si Hyuk's personal accounts, amidst shocking allegations of potential offshore tax evasion and illicit slush funds. This isn't just a business deal; it's a financial scandal rocking the very foundations of one of K-pop's biggest agencies, leaving fans wondering about the true cost of global expansion. Stay tuned as this story unfolds, and don't forget to hit that subscribe button to keep up with all the latest K-pop news and drama!
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