Announced
Completed
Financials
Sources
Tags
mobile app
Private Equity
Friendly
Single Bidder
Completed
Private
Ebooks
Minority
Acquisition
South Korea
Cross Border
Software
Synopsis
GIC, a sovereign wealth fund, led a $83m funding round in RIDI, a South Korea-based e-book vendor, with participation from Korea Development Bank, NVESTOR, and Atinum Investment. “With this round of financing, RIDI not only has been recognized for its competitiveness in the content industry but also secured important partners to help expand RIDI’s business globally beyond Korea. We will focus our full attention to enhance RIDI’s positioning as a global content provider in the future,” Kisik Bae, RIDI CEO.
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