JYP Entertainment has officially addressed and denied recent rumors surrounding a potential stake acquisition.
On October 26, JYP Entertainment released an official statement declaring, “We have never received any proposals regarding the acquisition of our company’s shares.”
Earlier that day, YTN reported that The Nexlok Group and SVCV Corporation were considering the acquisition of JYP Entertainment shares with the goal of launching a public tender offer on November 20.
According to the reports, attention had surged as the two companies were reportedly pushing to secure a stake in JYP Entertainment, with both firms considering acquiring between 25% and 50% of JYP’s issued shares.
Amidst this speculation, JYP Entertainment drew a firm line on the same day the report surfaced, clarifying that they had never been approached with any acquisition proposals.
