BTS manager HYBE buys music exec Scooter Braun's Ithaca for $1.05b

BTS manager HYBE buys music exec Scooter Braun's Ithaca for $1.05b

REUTERS/Brendan McDermid

South Korea’s HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for K-pop supergroup BTS, is to acquire music executive Scooter Braun’s Ithaca Holdings in a $1.05 billion deal.