Announced
Financials
Sources
Tags
car rental
Friendly
Majority
Pending
South Korea
Cross Border
Acquisition
Rental Services: Consumer
Private
Private Equity
Single Bidder
Synopsis
Affinity Equity, a private equity firm, agreed to acquire SK Rent-a-Car, a car rental company, from SK Networks, a corporation with a wide span of businesses including mobility, home appliances, blockchain, for $610m. SK Networks will likely spend the raised funds on the AI business as the company has selected this as its major business focus.
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