Samsung units to buy $408 million stake in South Korea’s biggest crypto exchange
CoinDesk
Three Samsung affiliates are acquiring a 4% stake in Dunamu, the operator of South Korea's largest crypto exchange Upbit, for $408 million.Summary
Three Samsung affiliates—Samsung Securities, Samsung Card, and Samsung SDS—have agreed to acquire a 4% stake in Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit. The transaction, valued at approximately $408 million, involves the purchase of equity currently held by the technology conglomerate Kakao. As Kakao pivots its investment strategy toward artificial intelligence, it continues to divest its holdings in Dunamu, having recently sold portions to Hana Bank and Hanwha Investment and Securities. The deal is expected to finalize on June 19.
(Source：CoinDesk)