SK Telecom $441 million acquisition of CJ HelloVision

Overview:

• SK Telecom attempted to acquire a 53.9% stake in CJ HelloVision (CJ HV) for W500 billion ($441 million) from CJ O'Shopping.
• The acquisition would have resulted in CJ HV becoming a subsidiary of SK Telecom and merging with SK Broadband. 
• South Korea’s Fair Trade Commission (FTC) rejected the acquisition following anti-competitive protests from rival operators such as KT Corp and LG Uplus. 

Katrin Kostadinova - Data analyst