SEOUL, July 29 (Korea Bizwire) — From eBay Korea to Starbucks Coffee Korea, Shinsegae Group vice chairman Chung Yong-jin’s aggressive M&A strategy is attracting significant attention. E-Mart Inc., a discount store chain under Shinsegae Group, bought an additional 17.5 percent stake in Starbucks Coffee Korea on Tuesday, paying 474.2 billion won (US$412 million) to become [...]
SEOUL, July 26 (Korea Bizwire) — Krafton Inc., the video game company behind “PlayerUnknown’s Battlegrounds” (PUBG), said Monday it is aiming for aggressive mergers and acquisitions (M&As) after its initial public offering (IPO) next month, as it eyes to expand its foothold in the global video game market. Krafton is scheduled to go public on [...]
SEOUL, Jan. 28 (Korea Bizwire) – Samsung Electronics Co. on Thursday said it aims to clinch merger and acquisition (M&A) deals and expand investments in the upcoming years as the South Korean tech giant eyes to fend off challenges from its rivals amid global uncertainties In its conference call, Samsung’s chief finance officer Choi Yoon-ho [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s state-run lenders and SK hynix Inc. signed an agreement to provide US$3 billion in loans to support mergers and acquisitions by the world’s second-biggest memory chipmaker, officials said Tuesday. The Korea Development Bank (KDB), Export-Import Bank of Korea (Eximbank) and NH Nonghyup joined the financing deal, which [...]
Stockholm, Sweden, Sept. 1 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that the first part of the acquisition of ACL Mobile Limited has been completed. On June 15, 2020, Sinch announced that the company had entered into a definitive agreement to acquire ACL Mobile in two stages, [...]
SEOUL, Feb. 21 (Korea Bizwire) — The number of mergers and acquisitions (M&As) of Korean companies last year was the highest in 12 years, a recent report revealed. According to the Fair Trade Commission (FTC), the number of M&As reached 766 last year, up 64 from 702 in 2018. It was the highest number since [...]
SEJONG, Mar. 5 (Korea Bizwire) — Mergers and acquisitions by South Korean firms rose in 2018 from a year earlier as they sought to realign their business portfolios and find new growth engines, the antitrust watchdog said Tuesday. The number of mergers came to 570 in 2018, up from 514 in 2017, but their combined [...]
SEOUL, Feb. 21 (Korea Bizwire) — If the rise of global content streaming services like YouTube and Netflix have taught any lessons to those in the Korean media industry, one thing is for sure: You have to become big to survive. An explosive growth in demand for over-the-top (OTT) content in the world’s most-connected country [...]
CALGARY, Alberta, Sept. 24 (Korea Bizwire) — Colson Capital Corp. (“Colson” or the “Corporation”) (TSXV: COLS.P) and Honest Inc., dba Province Brands of Canada (“Province Brands”), are pleased to announce that they have entered into an amended and restated arrangement agreement dated September 17, 2018 (the “Arrangement Agreement”) in respect of their proposed business combination [...]
BALTIMORE, Jun. 22 (Korea Bizwire) — WillScot Corporation (NASDAQ:WSC) (“Williams Scotsman”) the leading specialty rental services provider of innovative modular space and portable storage solutions across North America, today announced that it has entered into a definitive agreement to acquire Modular Space Holdings, Inc. (“MS Holdings”), the parent holding company of Modular Space Corporation (d/b/a [...]