IB Worldwide Inc. (KOSE:A011420) agreed to acquire 0.31% stake in S.M. Entertainment Co., Ltd. (KOSDAQ:A041510) for KRW 2.5 billion on August 25, 2015. IB Worldwide Inc. will acquire 0.06 million existing shares of S.M. Entertainment Co., Ltd. The transaction is expected to complete on August 26, 2015.