Rapport Labs has again started the process to approve a change in the largest investor for acquiring SK Stoa. It also adjusted the transaction structure to reflect opinions raised during the previous review.
Rapport Labs said on the 11th that it applied to the Korea Media and Communications Commission for approval to change the largest investor in SK Stoa. Rapport Labs operates the 4050 Fashion Platform Queenit.
Earlier, Rapport Labs adjusted the transaction structure with SK Telecom and signed a new share purchase agreement (SPA). Once the change-approval process is completed, Rapport Labs will secure management control of SK Stoa, and SK Telecom will remain a shareholder holding a certain equity stake.
The acquisition funds will be sourced entirely from equity capital. It does not plan to use acquisition financing or external borrowing.
After the acquisition, Rapport Labs plans to maintain stable business operations and employment stability at SK Stoa, while combining the competitiveness of TV and mobile to pursue sustainable growth.
A Rapport Labs official said, "We will faithfully participate in the review process for the approval of the change going forward."