HYBE’s $1 Billion Acquisition of Ithaca Holdings

Paul Hastings, LLP advised HYBE on the deal.

HYBE (formerly Big Hit Entertainment), a South Korean entertainment lifestyle platform company, announced the $1 billion acquisition of Ithaca Holdings, a fully integrated media company with interests across music, tech, film, television, brands and culture.  

As part of this historic international deal, HYBE will acquire through its wholly owned subsidiary HYBE America, a 100% stake in Ithaca Holdings and its properties such as SB Projects and Big Machine Label Group. Ithaca Holdings CEO Scott “Scooter” Braun will join the board of HYBE and Scott Borchetta will remain CEO of Big Machine Label Group. Artists of both companies will participate in the capital increase of HYBE to further strengthen the ties between the two companies.

The deal brings together a range of services including management, label services and publishing for global artists BTS, Justin Bieber, Ariana Grande, J Balvin, Demi Lovato, Thomas Rhett, Florida Georgia Line, Lady A and more. 

The Paul Hastings team was led by Corporate partners David Hernand (Picture) and Iksoo Kim and included partners Dong Chul Kim, Stephen Harris, and Douglas Schaaf, and Susan Williams; of counsels Amy Lawrence, Michael Wise, and Ron Ben-Yehuda; and associates Irina Dykhne, Vivian Tsai, Stan Kalminsky, Stuart Downey, Jake Friedman, M’Alyssa Mecenas, Jennia Iordanou, Nikita Lamba, Julian Alsarhn, Brian Smith, and Jasneet Aulakh.

 

Involved fees earner: Ron Ben-Yehuda – Paul Hastings; Dong Chul Kim – Paul Hastings; Irina Dykhne – Paul Hastings; Jake Friedman – Paul Hastings; Stephen Harris – Paul Hastings; David Hernand – Paul Hastings; Jennia Iordanou – Paul Hastings; Stan Kalminsky – Paul Hastings; Iksoo Kim – Paul Hastings; Amy Lawrence – Paul Hastings; M’Alyssa Mecenas – Paul Hastings; Douglas Schaaf – Paul Hastings; Vivian Tsai – Paul Hastings; Susan Williams – Paul Hastings; Michael Wise – Paul Hastings;

Law Firms: Paul Hastings;

Clients: HYBE;

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Martina Bellini

Author: Martina Bellini