JYP Entertainment has acquired a 23.3 % stake in the enterprise DearU, which is owned by SM Entertainment’s subsidiary, SM Studios. With this investment, SM intends to strengthen cooperative ties with JYP in the synergistic improvement of “DearU bubble,” a mobile platform that is competitive in global markets. Discover the day’s top rated news, entertainment and details through the lens of Hearst’s 360 + firms and partners.

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