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M&A Deal Summary

SK Telecom Acquires iRiver

On August 1, 2014, SK Telecom acquired electronics company iRiver from VIG Partners

Acquisition Highlights
  • This is SK Telecom’s 2nd transaction in the Electronics sector.
  • This is SK Telecom’s 4th transaction in South Korea.

M&A Deal Summary
Date 2014-08-01
Target iRiver
Sector Electronics
Buyer(s) SK Telecom
Sellers(s) VIG Partners
Deal Type Add-on Acquisition

Target

iRiver

Seoul, South Korea
iRiver is a Korea-based digital multimedia device manufacturer. Iriver is a market leader in the Korean MP3 player as well as electronic dictionary segments. Iriver has expanded its product portfolio to include portable media players, car navigation systems, e-books and landline/wireless network devices.

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Buyer(S) 1

Buyer

SK Telecom

Seoul, South Korea
Category Company
Founded 1984
Sector Communications
Revenue 17.94T KRW (2024)
DESCRIPTION

SK Telecom is a provider of wireless telecommunications services. SK Telecom was founded in 1984 and is based in Seoul, South Korea.

DEAL STATS #
Overall 8 of 11
Sector: Electronics M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
Country: South Korea M&A 4 of 5
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-24 Virgin Mobile USA

Warren, New Jersey, United States

Virgin Mobile USA is a US prepaid wireless voice, messaging, and mobile broadband service provider.

Sell $483M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-26 Shopkick

Redwood City, California, United States

Shopkick, Inc. is a mobile app that offers rewards for walking into stores. It was formed in 2009 and is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

VIG Partners

Seoul, South Korea

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vogo Investment is a Korean buyout fund focused on control and significant minority equity investments in a broad range of Korean companies. The Firm generally targets transactions requiring equity of $50 to $300 million and works closely with management to streamline operations and locate growth opportunities. Broad areas of interest include consumer products, financial services, electronics, mobile commerce, and insurance. VIG Partners was formerly known as Vogo Investment Group. VIG was formed in 2005 and is based in Seoul.

DEAL STATS #
Overall 4 of 8
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: South Korea M&A 4 of 8
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Summerce Platform

Seoul, South Korea

Summerce Platform is an online price comparison service provider for online and mobile shopping customers in Korea, which currently is the #2 player in the Korean market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Bodyfriend

Seoul, South Korea

Bodyfriend is the dominant player in the Korean massage chair industry with the preeminent brand in the industry supported by unrivalled marketing and advertisement spending. Bodyfriend also launched premium latex mattress and non-electric water purifiers to drive additional growth. Bodyfriend is based in Seoul, South Korea.

Buy -
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