HYBE, a manager of BTS boy band, agreed to acquire Ithaca, a fully integrated holding company with interests across music, tech, film, television, brands and culture, for $1.05bn. "The inevitable joining of HYBE and Ithaca Holdings marks the start of a new adventure no one could have possibly imagined. The two companies will work closely together leveraging our proven track records of success, know-how, and expertise to create synergy, transcend borders and break down cultural barriers. Please look forward to the endless possibilities of HYBE and Ithaca Holdings, and the new paradigm the partnership will establish in the music industry," Bang Si-Hyuk, HYBE Chairman & CEO.