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KKR Acquires Approximately $820 Million in Convertible Bonds from Samsung SDS
Svmuu News Investment firm KKR announced it has entered into a definitive agreement with Samsung SDS, a blockchain and IT financial services provider under Samsung, to acquire newly issued convertible bonds worth 1.22 trillion Korean won (approximately $820 million). Samsung SDS launched its digital transformation experience service in 2020, which includes a blockchain platform. It also co-developed a blockchain-powered certificate service with Shinhan Bank and serves as a technical advisor for the CBDC pilot project led by the Bank of Korea. It is reported that KKR will provide advisory services to Samsung SDS regarding mergers and acquisitions, capital allocation, AI products, global expansion, and accelerating investments in AI infrastructure. (CNBC)
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