The proposed deal would be Netmarble's first major deal this year since an attempt to buy crosstown gaming rival Nexon faltered in July.
IPOs & Markets
The deal could value Hyundai Card at around 2.5 trillion won ($2.1 billion) and is intended to help investors such as Affinity Equity Partners, GIC an
This marks the biggest bet made by Hyundai, which is widely seen as a latecomer to future mobility technology.
The fund is in talks with several local and overseas entities to form a consortium to bid for the 31.05% stake in Asiana Airlines.
The other bidders include South Korea's SK Networks and a local consortium of China's Haier.
The company, which is now valued at over $1 billion, aims to conduct an IPO as early as next year.
SK Innovation said its second China factory aims to meet rising orders for EV batteries globally.
The bidding has been postponed by one week, say sources.
Kumho Asiana also promised to sell assets owned by units including Asiana Airlines to repay loans,
The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.