Kakao the frontrunner to acquire eBay Korea
Kakao Corp is emerging as the frontrunner to acquire eBay Korea, the U.S. ecommerce company’s South Korean unit that operates online shopping platforms Gmarket and Auction. The internet giant is considering options to fund its possible acquisition proposal for eBay…
Anbang may not appeal against hotels ruling
China’s Anbang Insurance Group may decide not to appeal last month’s court decision favoring Mirae Asset Daewoo over a failed hotels deal, as it has little evidence to overturn the ruling. A Delaware court sided with a consortium led by…
Writer platform Munpia seeks buyer after ILO delay
Private equity firm S2L Partners is considering selling its majority stake in online literary platform Munpia to exit its four-year investment, as listing plans are making slow progress. The Seoul-based firm wants to sell its 55% stake in Munpia Investment…
Centroid IP acquires South Springs CC
Private equity firm Centroid Investment Partners has acquired high profile 18-hole golf course South Springs Country Club from BGF Group in a deal that valued it at 194.5 billion won ($170.7 million) including debt. The deal was completed last week,…
Shinsegae expected to join bidding for eBay Korea
South Korean retail giant Shinsegae Group is considering bidding for eBay Korea as it explores ways to compete with online rivals. The first round of bidding is scheduled for next week. The conglomerate is working with JP Morgan to prepare…
JobKorea deal to help Mirae Asset Daewoo, KB Sec
Mirae Asset Daewoo and KB Securities, arrangers of acquisition financing for Affinity Equity Partners, are expected to benefit from the sale of JobKorea as the big ticket deal approaches the finish line. H&Q, which is selling South Korea’s top online…
Affinity Equity Partners picked as preferred JobKorea bidder
Private equity firm H&Q has named Affinity Equity Partners as the preferred bidder for online recruiting firm JobKorea, industry sources said on Thursday (March 4). A stock purchase agreement is being finalized by the two sides and a contract is…
Coupang IPO lures retailers into eBay Korea sale contest
Participation by large retailers such as Lotte and Shinsegae Group has galvanized interest in the sale of eBay Korea, which seemed likely to be dominated by private equity (PE) firms. The surprising development follows the U.S debut of Coupang, one…
Crypto exchange Bithumb may cancel sale plan
Talks between South Korean crypto exchange Bithumb Korea and potential buyer NXC have made limited progress, raising speculation that the deal may end up being scrapped. The two sides started discussions three months ago, according to industry sources. NXC, the…
JT Savings Bank, JT Capital sales set to resume after delay
Japan-based J Trust Group is expected to complete the sale of affiliates JT Savings Bank and JT Capital this year after a long delay while its governance structure was overhauled. VI Investment was picked as the preferred bidder for JT…
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