JYP denies rumors of selling the company to YG

Jul 02, 2014, 12:14 pm

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JYP Entertainment made an official statement regarding the rumors of selling the company to YG Entertainment.


On July 1, a media outlet reported that Park Jin-young tried to sell JYP Entertainment to YG and Yang Hyun-suk, YG's CEO, turned down his proposal.


In response to the report, an official from JYP denied rumors, saying, "It's nonsense. Park Jin-young is focusing on JYP."


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