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SK Hynix Wins U.S. Approval for $9 Billion Intel Unit Purchase
Bloomberg 3/12/2021 Sohee Kim © Photographer: SeongJoon Cho/Bloomberg The SK Hynix Inc. logo is displayed atop the company's semiconductor plant in this aerial photograph taken above Icheon, South Korea.
(Bloomberg) -- U.S. regulators cleared SK Hynix Inc.’s $9 billion acquisition of Intel Corp.’s Nand storage unit, one step toward completing a deal that would strengthen the Asian chipmaker’s position in the memory market.
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The Committee on Foreign Investment in the United States, better known as CFIUS, signed off on the deal, the company said in a statement Friday, following approval from the Federal Trade Commission. Icheon, South Korea-based Hynix, which announced the deal in October, is trying to win approval from the remaining countries this year.
ChinaDalianLiaoningUnited-statesIcheonKyonggi-doSouth-koreaLee-seok-heeAnthea-laiSeongjoon-cho-bloombergSamsung-electronics-coSamsungPotential winner: A Coupang employee delivering fresh food in Bucheon, South Korea. Coupang and its bankers raised the price range of the offering, signalling strong demand for the shares. – Bloomberg
TOKYO: SoftBank Group Corp, the biggest shareholder in Coupang Inc, stands to reap an enormous windfall when the South Korean e-commerce leader goes public this week, giving founder Masayoshi Son further evidence his often-criticised startup bets are paying off.
The Japanese company owns about 35% of the startup and could report an unrealised gain of as much as US$16bil (RM66bil) after Coupang raised the target price range for its initial public offering (IPO).
SeoulSoult-ukpyolsiSouth-koreaJapanTokyoSingaporeJapaneseSouth-koreanMasayoshi-sonJustin-tangAnthea-laiBloombergSoftBank Poised to Reap $16 Billion Profit as Coupang Boosts IPO
Bloomberg 3/9/2021 Pavel Alpeyev
(Bloomberg) -- SoftBank Group Corp., the biggest shareholder in Coupang Inc., stands to reap an enormous windfall when the South Korean e-commerce leader goes public this week, giving founder Masayoshi Son further evidence his often-criticized startup bets are paying off.
The Japanese company owns about 35% of the startup and could report an unrealized gain of as much as $16 billion after Coupang raised the target price range for its initial public offering. That would be the SoftBank Vision Fund’s largest-ever startup profit booked in a single quarter since it began reporting results in 2017.
BucheonKyonggi-doSouth-koreaSeoulSoult-ukpyolsiJapanSingaporeJapaneseSouth-koreanMasayoshi-sonJustin-tangAnthea-lai