Korea’s SK Telecom to divest $277m worth of Kakao stocks
Transaction is priced at $25.6 per share equivalent for 10,818,510 shares of Kakao that SK Telecom holds.
April 25, 2025
SK Telecom has raised W500 billion ($452 million) for its online shopping business, 11st, as part of its plan to spin off the business into a standalone entity, marking the second-biggest fundraising ever for an unlisted company in South Korea.
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