Big Hit Entertainment has officially skilled reports that it’s acquiring Pledis Entertainment.
On January 13, Korean news outlet Sports DongA reported that—in a deal almost like its acquisition of Source Music last year—Big Hit Entertainment was within the process of acquiring Pledis Entertainment.
Later that morning, Big Hit Entertainment responded by simply stating, “Nothing has yet been decided.”
According to the report by Sports DongA, Pledis Entertainment will still operate as an independent label, even as Source Music has. If the 2 companies move forward with the acquisition, Pledis Entertainment is reportedly likely to maneuver into Big Hit Entertainment’s new building, which Big Hit plans to start using in May.