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 [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s cross-border mergers and acquisitions (M&A) in the ICT sector accounted for 15.7 percent of all such M&As, falling behind other major technology-driven countries, a report from the Institute for International Trade showed Monday. According to the report, 16.2 percent of all M&As around the globe last year [...]
DALLAS, May 14 (Korea Bizwire) — Server Density, a provider of proactive infrastructure monitoring for cloud, servers, and websites, is merging with StackPath, a leading secure edge services platform provider. Server Density enables users to monitor their websites and servers in the cloud or on-prem from a single console and API to easily diagnose problems, [...]
SEOUL, Mar. 27 (Korea Bizwire) — Tirebank, a midsized South Korean tire retailer, said Tuesday it will join the bid to acquire Kumho Tire Co., which China’s Qingdao Doublestar Co. seeks to take over from creditors. At a press conference in Daejeon, about 160 kilometers south of Seoul, the company’s chief Kim Jeong-kyu said the [...]