SK Group Chairman Chey sells stake to Dell family office fund for $406 million
The sale is part of Chey Tae-Won’s plan to raise 944 billion won for a divorce settlement, according to a regulatory filing.
7 Articles
7 Articles
Attention is focused on the background of SK Group Chairman Chey Tae-won's sale of a stake to Michael Dell, founder of Dell Technologies, as he needs funds for the division of assets following his divorce. With Chairman Dell now secured as a new ally in SK's corporate governance structure, there are also predictions that the artificial intelligence (AI) infrastructure alliance between the two companies will be strengthened. According to an elect…
Channel News Asia
WTVBSK Group Chairman Chey sells stake to Dell family office fund for $406 million
SEOUL, Oct 14 : SK Group Chairman Chey Tae-won has agreed the sale of a 1.34 per cent stake in holding company SK Inc to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406 million), a regulatory filing showed on Wednesday.The deal is part of Chey's plan to raise 944
It has been confirmed that 544 billion won (approximately 63.5 billion yen) of SK Group Chairman Choi Tae-won's stake in SK Corporation (totaling 944 billion won [approximately 110.3 billion yen at current exchange rates; the same applies hereafter]), which he decided to sell to secure funds for property division following his divorce, will be acquired by an investment fund owned by the family of Michael Dell, founder of Dell Technologies. Accor…
Michael Dell-Linked Fund Buys 1.34% Stake in SK Group Holding Company for $406 Million
An investment fund linked to Dell Technologies founder Michael Dell has agreed to acquire a 1.34% stake in South Korean conglomerate SK Inc. for 544 billion won ($406 million), as SK Group Chairman Chey Tae-won sells shares to finance a divorce settlement and global technology companies compete to secure supplies of memory chips for artificial […]
[Digital Daily Reporter Ianna] Chairman Michael Dell's Family Investment Fund, the founder of Dell Technologies in the US, will acquire 54.4 billion won of the shares in SK Co., Ltd. sold by SK Group Chairman Choi Taewon to finance the division of assets. Since SK hynix and Dell Technologies have collaborated in the field of artificial intelligence (AI) infrastructure, attention is also drawn to the background of this investment. According to th…
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