Home Business Yanolja, which Son Jeong-ui invested 2 trillion won, acquires Interpark ticket and shopping mall business, the first internet mall in Korea

Yanolja, which Son Jeong-ui invested 2 trillion won, acquires Interpark ticket and shopping mall business, the first internet mall in Korea

by news dir

▲Interpark CI

Yanolja, which has attracted 2 trillion won in investment from SoftBank Vision Fund II, led by Son Jeong-eui, has the ticket and shopping mall divisions of Interpark, Korea’s first internet mall.

Yanolja, which has grown based on integrated travel services such as accommodation, leisure, transportation, and restaurants, is expected to create great synergy through the acquisition of Interpark, which has strengths in the travel, performance and ticket sectors.

According to the electronic disclosure of the Financial Supervisory Service on the 14th, Interpark selected Yanolja as the preferred bidder and signed a memorandum of understanding with Interpark to sell its stake in the newly established corporation through a physical division of its main business, e-commerce business.

The target for sale is 70% of the stake in the newly established company through the physical division of the company’s e-commerce business, and the transaction amount is KRW 294 billion.

Interpark said, “After the signing of this MOU, due diligence on the business to be sold will be conducted.

In the industry, it is not the ‘share sale’ method of passing over the stake of Interpark CEO Ki-young Lee (28.41%), but only the e-commerce business divisions such as shopping malls, books, tickets and travel businesses and selling them. remains in

In other words, Interpark becomes a holding company and sells the shopping mall and ticket divisions as subsidiaries.

Before the takeover of Interpark, Yanolja entered the takeover fight in competition with Yeogi How is it and Trip.com, but also said that he did not want to participate.

However, after attracting a total of 2 trillion won in investment from SoftBank Vision Fund II led by Son Jeong-eui, he participated in the acquisition again and was selected as the preferred bidder for the acquisition.

Founded in 1997, Interpark, Korea’s first internet shopping mall, has been preparing for bidding by receiving an investment prospectus (IM) after appointing NH Investment & Securities as an advisor in July to sell its management rights.

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