News Formal

Uber to invest in South Korea SK Telecom's mobility business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea's SK Telecom Co Ltd, which is proposing to split off its mobility business.

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid

SEOUL - Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea’s SK Telecom Co Ltd, which is proposing to split off its mobility business. SK Telecom planned to split off its mobility business unit and launch T Map Mobility, while Uber would invest over $100 million in a joint venture with T Map Mobility and about $50 million in T Map Mobility, the companies said in a joint statement.

Shareholders would vote on the plan at a general meeting on Nov. 26, and once approved, it would take effect on Dec. 29. SKT expects T Map Mobility, valued at about 1 trillion won , to grow into a company worth 4.5 trillion won by 2025, the companies said.Reporting by Joyce Lee and Hyunjoo Jin; Editing by Stephen Coates

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 2. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks in Japan poised to decline; BTS' label set to make market debut in South KoreaInvestors also await the market debut of K-pop superstars BTS' label, Big Hit Entertainment. BTS 🚀 BTS_twt SouthKorea
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Uber ATG self-driving-car project hobbled by infighting, balky tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

South Korean boy band BTS's label makes a strong debut in 'really hot' IPO marketShares of Big Hit Entertainment, the music label of K-pop superstars BTS, soared more than 100% in its market debut. This really is so genius and my mind is blown! biggest names of fintwit should follow🔥 United States Constitution, Supreme Court U.S. Dissension=Disorder 1) Preamble? 2) Enumeration 'Exception' 3) 15Nov1777 Articles of Confederation Have Power Under Article III U.S. Constitution? Secretary of State Andrew Jackson
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »