[UPDATE] Both CJ ENM and SM Entertainment denied "takeover rumours"
— The Seoul Story (@theseoulstory) October 21, 2021
CJ ENM stated that nothing has been decided yet
And SM said, they are discussing with several companies from various angles, but the signing of acquisition contract with CJ ENM on October 22 is not true https://t.co/tBd8ASkUJX pic.twitter.com/SqzjAXnlv0