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Michael Dell to invest $406 million in SK Group via stake bought from chairman Chey Tae-won

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Michael Dell is set to put $406 million into SK Group by acquiring shares from its chairman, Chey Tae-won. The deal covers a 1.34% stake in SK Inc. Chey is selling the shares, worth 944 billion won in total, to raise funds for a divorce settlement with his ex-wife. The investment reflects Dell's existing ties to SK Group, built through their partnership in technology infrastructure.

Read the full story at Times of India

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Michael Dell to invest $406 million in SK Group via stake bought from chairman Chey Tae-won · ShortSingh