Big Hit Acquiring CUBE?

[Aquamaraqua]

Here's the original link:

D’Live to sell entertainment units iHQ, Cube Entertainment - Pulse by Maeil Business News Korea

South Korea’s D’Live Co., the third largest cable TV service provider that has been placed up for sale by creditors on the verge of default, is seeking to sell its stakes in entertainment units iHQ Inc. and Cube Entertain

m.pulsenews.co.kr

I'm surprised no news was written about this on K-Pop fansites. Given that they're planning to sell their shares, and the recent BH commotion, do you think it's possible that the company BH is acquiring with multiple famous idol groups (including a top boy group; i.e BTOB?) is CUBE?

Spill your thoughts

 

[echobunny]

btob should leave cube as soon as they can, do a beast 2.0

 

[SJK]

Super curious about the second company BH is about to acquire. I have about 10 possibilities in mind, Cube among them. opcorn:

 

[fullofjoy]

btob should leave cube as soon as they can, do a beast 2.0

 

[Some]

I think they are smart

 

[Aquamaraqua]

btob should leave cube as soon as they can, do a beast 2.0

I would've said the same a year ago, but if BH is acquiring CUBE and is able to give them pointers on how to manage artists, it might be beneficial for them to stay at CUBE.

 

[emily]

it would be interesting considering their groups are more diverse in demographics than pledis'

 

[_universo]

I honestly hope so. Cube was doing good at the beginning of the year, but now with Kuanlin mess, investors are pulling out, and they might need to renew their management again. So merging with BH could be benefficial for them.
Also, it might help them to debut their new boy group.

 

[Pyron]

Hum I'm a bit ambivalent to this. If it's true, Cube has a brand name, but their management doesn't seem compatible to BH style. Dunno how easy is to change corporate culture without resistance. I'm pretty sure Cube's upper echelon would be stubborn to change.

 

[tokki]

interesting...

 

[Vante]

I'll just wait and see how it turns out

 

[Mina]

It's....interesting to see the process.

 

[Lilac]

Idt Cube is an independent company.

 

[ruby jane]

I'm just worried about pentagon

 

[nattomomo]

this is possible tbh

 

[anh]

hmm, interesting

 

[vortex]

if they do, they better do justice to my girls from clc!

 

[yooamygirls]

Cube used to have my ult boy group Beast but now I've grown to despise the company...I love the artists but I do hope that if this happens, Big Hit really comes through and does a 180 to the company because they're pretty much shit.

 

[Aquamaraqua]

Idt Cube is an independent company.

Right, but their shares are being sold by the companies that own them so it's interesting

 

[Tigermaru]

I think most of you miss the information on the article that said that D'Live, the company selling their Cube shares, only has 30% ownership of Cube whole share. So there is still 70% shares that aren't being sold (at least not publicly announced as such). Of course it is still possible for Big Hit to attempt to acquire 100% of Cube's shares but as Cube is a publicly listed company, the attempt will be more complicated and more expensive than buying a privately-owned company such as Source Music (GFriend's managing company).