RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Australian Household Spending Dips in December as RBA Tightens Policy 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
HYBE has ended the battle for the takeover of SM Entertainment, and with this decision, Kakao is set to take control of SME. The company also reached an agreement with Kakao, and now they will join hands to grow K-pop further.
After weeks of dispute, HYBE, SM Entertainment and Kakao decided to come together after the BTS boy group’ managing agency announced it has decided to cancel its bid to take over SME. The decision was announced on Sunday, March 12.
With the latest development in the takeover war, Kakao and its entertainment unit will proceed to have management control over SM Entertainment which has been previously blocked by HYBE. it was agreed by the two sides that they would cooperate instead to grow the business.
As per The Korea Times, Bang Si Hyuk’s entertainment firm made the decision as its rivalry with the tech giant has resulted in overheating the market. It further said that this could have a negative effect on the value of the company’s stocks thus, it was better to just give up.
As the company steps back, candidates it recommended for SME's new executive board will also step down before SM's regular shareholders' meeting takes place later this month. The mutual decision officially concluded the fierce battle that has been raging for a month already over the management rights of SM Entertainment.
It was reported that the companies held talks on Friday, March 10, in an attempt to solve their issues. The discussions ended well as they decided to work together instead.
"Kakao and Kakao Entertainment respect HYBE's decision to stop the move to acquire SM Entertainment," Kakao stated on Sunday. "As a partner sharing mutually positive impacts, Kakao and Kakao Entertainment will continue various strategic cooperative relations with HYBE and SM Entertainment to help stoke the global status of K-pop and K-culture."
