Faster global financial news!
SK Telecom to spin off AI data center business into SK Horizon, securing $2.23 billion investment from KKR and others.
SK Telecom, a South Korean telecom giant, announced on Thursday that it will spin off SK Broadband's AI data center business into a new company, SK Horizon. The company has signed agreements with US investment firm KKR and a consortium comprising South Korean IMM Investment and Stonebridge Capital, securing a total investment of 3.08 trillion Korean Won (approximately $2.23 billion). Upon completion of the transaction, SK Telecom will retain a 51% stake in the new company, a move aimed at expanding its AI infrastructure operations.
Source：Korea Herald商业 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Japan plans to explore a blockchain-based 24/7 government bond and stock settlement system, aiming to finalize development plans by early 2027.
-
2
Iranian Rial Hits New All-Time Low of 2 Million Per US Dollar, Driving Up Prices for Essentials by Over 70%
-
3
Treasuries Edge Lower Before PCE Data With Fed Risks in Focus
-
4
Trump administration demands Fed Governor Lisa Cook respond by Wednesday to removal case, citing a mortgage document misstatement as cause
-
5
U.S. Dollar Jumps Against Canadian Dollar Amid Trade Spat
-
6
PINU Coin Analysis: An Overview of Pi INU, Pulse Inu, and Piccolo Inu Projects
-
7
Bernstein Expects Bitcoin to Reach $150,000 by Mid-2027 and $300,000 at the 2029 Cycle Peak, While Lowering Price Target for Bitcoin-Holding Company Strategy to $350
-
8
ECB's Cipollone: Eurosystem Now Accepts DLT-Issued Assets as Collateral, Moving from Vision to Delivery in Tokenised Market Building
-
9
Current State of Virtual Currency Regulation in Mainland China and an Overview of Major Global Trading Platforms
-
10
Upbit to Host XRP Trading Volume Ranking Event with a Total Prize Pool of 1 BTC
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
