SEOUL, Jan. 22 (Korea Bizwire) – Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will raise a higher than previously planned amount by selling stocks for its planned acquisition of smaller rival Asiana Airlines Inc. Korean Air plans to sell 3.3 trillion won (US$3 billion) worth of new stocks, which is higher than [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp. said Wednesday that it will acquire Canadian entertainment platform operator Wattpad Corp. in a stock transaction valued at 653.3 billion won (US$593.6 million). The Toronto-based storytelling platform provides stories through its flagship app. It is a community of more than 90 million people [...]
Sannam S4 Acquires Alumno, a Singapore-Based Education Consultancy, and Accelerates Global Expansion Strategy
SINGAPORE, Jan. 19 (Korea Bizwire) — Sannam S4, a leading international education services provider, announced today its acquisition of Alumno, a Singapore-based education consultancy offering strategic advice and implementation support to universities, education organizations and governments on marketing and branding, TNE, partnership development and student recruitment throughout the Asia region. “Acquiring Alumno is an important [...]
Philips to Expand its Leadership in Patient Care Management Solutions for the Hospital with the Acquisition of Capsule Technologies, Inc.
Amsterdam, the Netherlands, Jan. 19 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations. Capsule’s Medical Device Information Platform – comprised of device [...]
SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. said Thursday it has acquired U.S.-based TV data analysis startup Alphonso Inc. to boost its software and service capabilities in the TV business. The South Korean tech firm said it spent US$80 million to acquire a controlling stake of more than 50 percent in Alphonso. LG [...]
SEOUL, Dec. 28 (Korea Bizwire) — Hanwha Solutions Corp., a South Korean energy solutions company, said Monday it has signed a deal to acquire U.S. hydrogen tank firm Cimarron Composites LLC as part of a diversification strategy. Hanwha Solutions plans to complete the process to take over an entire stake in the U.S. industrial tank [...]
Stockholm, Sweden, Dec. 24 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that it has been granted regulatory approval for the acquisition of Wavy from the Superintendence-General of CADE, Conselho Administrativo de Defesa Econômica, which is the competition authority in Brazil. Closing of the transaction can [...]
Philips to Become a Global Leader in Patient Care Management Solutions for the Hospital and the Home Through the Acquisition of BioTelemetry, Inc.
Amsterdam, the Netherlands, Dec. 18 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and BioTelemetry, Inc. (NASDAQ: BEAT), a leading U.S.-based provider of remote cardiac diagnostics and monitoring, today announced that they have entered into a definitive merger agreement. Pursuant to the agreement, Philips will commence a tender offer to [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won (US$828 million), in U.S. robotics firm Boston Dynamics Inc. in the latest move to propel its future mobility business. The board of directors at Hyundai Motor [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will conduct due diligence on Asiana Airlines Inc. until mid-March while drawing up an integration plan for the two airlines. Korean Air plans to raise 2.5 trillion won through rights offering early next year and spend 1.8 trillion [...]