Chey Taps Michael Dell’s Family Fund in 944 Billion Won Divorce Funding Plan
SK Group Chairman Chey Tae-won has brought in Michael Dell, the founder of Dell Technologies, as an investor to raise the funds needed to pay the court-ordered property division settlement to his ex-wife, Roh Soh-yeong, director of Art Center Nabi. The stake sale is being interpreted as more than a
SK Group Chairman Chey Tae-won has enlisted the support of Michael Dell, the founder of Dell Technologies, to help fund a court-ordered property division settlement with his ex-wife. The plan involves selling 972,493 common shares of SK Inc. to DFO Public Investments, a family office managed by the Dell family. The transaction will bring in 544 billion won, with an additional 400 billion won secured through a Price Return Swap agreement with Korea Investment & Securities.
Analysts see this move as a possible indication of cooperation between SK and Dell Technologies in the artificial intelligence (AI) infrastructure sector. While the stake is being acquired by Michael Dell's personal family fund, the deal is seen as a preemptive step to ensure liquidity for the potential payment obligation, pending the final court decision.
However, some analysts are wary of reading too much into the transaction, given that it is not Dell Technologies itself that is making the acquisition.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
