M&A Deal Summary

Hybe Acquires Ithaca Holdings

On April 2, 2021, Hybe acquired digital media company Ithaca Holdings for 1.0B USD

Acquisition Highlights
  • This is Hybe’s 1st transaction in the Digital Media sector.
  • This is Hybe’s largest (disclosed) transaction.
  • This is Hybe’s 1st transaction in the United States.

M&A Deal Summary
Date 2021-04-02
Target Ithaca Holdings
Sector Digital Media
Buyer(s) Hybe
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Ithaca Holdings

Los Angeles, United States
Ithaca is a fully integrated holding company with interests across music, tech, film, television, brands and culture. Led by SB Projects Founder Scooter Braun, who manages some of the biggest names in pop-culture including Justin Bieber, Ariana Grande, Karlie Kloss, Zac Brown Band, Dan + Shay, Demi Lovato, Tori Kelly, and J. Balvin among others, Ithaca has built an elite portfolio of acquisitions and partnerships resulting in one of the most powerful and diverse holding groups in entertainment and media.

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Buyer(S) 1

Buyer

Hybe

Seoul, South Korea
Category Company
Founded 2005
Sector Media
Employees742
Revenue 2.18T KRW (2023)
DESCRIPTION

Hybe is a music and digital media company consisting of Big Hit Music, Source Music, Pledis Entertainment, Belift Lab, Hybe Labels Japan and KOZ Entertainment, collectively known as Hybe Labels. Hybe was founded in 2005 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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