KKR acquires Samsung SDS, a subsidiary of Samsung, in an $820 million convertible bond deal

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Mars Finance reports that investment firm KKR has announced a final agreement with Samsung SDS, a blockchain and IT financial services provider under Samsung, to acquire the latter’s newly issued convertible bonds with a value of 1.22 trillion Korean won (about $820 million). Samsung SDS launched digital transformation experience services in 2020, including a blockchain platform, and jointly developed blockchain technology–driven certificate services with Shinhan Bank. In addition, it serves as a technical advisor for a CBDC pilot project led by the Bank of Korea. It is reported that KKR will provide consulting services for mergers and acquisitions, capital allocation, artificial intelligence products, and global expansion, and will also accelerate the development of artificial intelligence infrastructure.

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