SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s financial watchdog said Friday it will strengthen penalties on violators of the so-called 5 percent rule concerning the acquisition of listed firms’ shares. The country’s capital market law requires investors who buy 5 percent or more of a listed company’s shares to file a report on the [...]
London, Aug. 30 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the execution of an agreement to purchase 90% of the capital stock of Sampierana S.p.A., a privately-owned Italian company that specializes in the development, manufacturing and commercialization of earthmoving machines, undercarriages and spare parts, and to obtain 100% control of the [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s leading botox maker Hugel Inc. said Wednesday a multinational consortium led by local conglomerate GS Holdings Corp. bought a majority stake in the company from American private equity firm Bain Capital for 1.7 trillion won (US$1.5 billion). Bain Capital-owned Leguh Issuer Designated Activity Co. struck a deal [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Friday that it has completed the process to acquire South Korea’s top construction equipment maker Doosan Infracore Co. HHIH formed a consortium with KDB Investment Co., a private equity firm wholly owned by the state-run Korea Development [...]
SEOUL, Aug. 13 (Korea Bizwire) – A consortium led by GS Retail Co., the supermarket operating unit of GS Group, has acquired Yogiyo, the No. 2 online food delivery app in South Korea, for 800 billion won (US$684.3 million), the retailer said Friday. The consortium, including Affinity Equity Partners and Permira, has reached the deal [...]
SAN MATEO, Calif. and LISBON, Portugal , Aug. 4 (Korea Bizwire) – Feedzai, the world’s leading cloud-based financial risk management platform, announced the acquisition of the most advanced behavioral biometric platform, Revelock. Following a $200m investment round earlier this year, Feedzai’s acquisition creates the world’s largest AI-powered financial risk management platform with native, integrated behavioral biometrics. The integrated platform [...]
IRVINE, Calif., Aug. 2 (Korea Bizwire) — Lantronix, Inc. (“Lantronix”) (NASDAQ: LTRX), a global provider of Software as a Service (Saas), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that it has completed its previously announced acquisition of Transition Networks and Net2Edge, [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korean game developer Netmarble Corp. said Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at US$2.1 billion. Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully [...]
SAN JOSE, Calif. and SAN RAMON, Calif., July 18 (Korea Bizwire) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has entered into a definitive agreement to acquire Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately $14.7 billion. Combining Five9’s Contact Center [...]
DENVER, US, July 16 (Korea Bizwire) - Velocity Global continues to scale its leading global work platform with the acquisition of Shield GEO, an established global Employer of Record (EoR) provider. This is Velocity Global’s second acquisition this year, after it acquired iWorkGlobal in April. The company deployed capital from the $100 million growth investment from FFL Partners announced [...]