Chapter 935 Qualcomm and SK Telecom

SS Financial Holdings' acquisition of Kia Motors did not cause much of a sensation in South Korea, after all, how can South Korean people who are mired in the "financial turmoil" have time to care about this kind of thing?

What's more, in recent times, there have been fewer companies that have gone bankrupt or been acquired? Even Samsung can become someone else's "meal on the plate," and a Kia car is a fart? It is not a real national car like Hyundai Motor.

Therefore, the acquisition of Kia Motors by foreign capital did not cause the slightest trouble to SS Financial Holdings, and it also saved Su Chenyu a lot of things, otherwise, he would definitely have to do a good job of public relations. However, now that it's okay, it doesn't seem to care about these things at all, in fact, it's clear when you think about it, you don't even have three meals a day, and you still care about a chicken feather national event?

You must know that since the "financial turmoil" hit South Korea, the unemployment rate in the country has been rising like a rocket! Originally, the employment situation in South Korea was not good, but now the unemployment rate has risen further. However, there is no way, after all, in this "financial turmoil", there are too many bankrupt companies that the South Korean government cannot save them, and can only watch them fall like wheat harvested.

However, for the South Korean government and countless South Korean people, this "financial turmoil" is a huge disaster, however, for the American consortium, it is indeed a feast of wealth!

There is no doubt that for Su Chenyu, this is also a huge carnival of interests!

As the executioner who "bleeds" South Korea, Su Chenyu believes that he is more qualified than anyone else to enjoy this carnival of benefits!

According to the agreement between Su Chenyu and Greenspan, SS Financial Holdings' hunting areas are mainly in the three major fields of banking, automobiles and telecommunications, while Suning Group can do whatever it wants in the three major industries of heavy industry, electronics and finance. This "verbal agreement" is actually mainly to avoid the embarrassing situation of "accidentally injuring teammates", after all, these are the masters who can even beat themselves when they are crazy.

After getting Kia Motors, Su Chenyu quickly set his sights on another good thing that he had been thinking about for a long time - SK Telecom!

The last time Su Chenyu followed Su Zhenbang and the No. 1 leader to visit South Korea, this guy fell in love with SK Telecom, the "flower girl". However, after all, he was a guest at that time, since he was a guest, how could he be embarrassed to grab something? So, Su Chenyu stubbornly pressed his restless heart, but he put a big emphasis on SK Telecom in his heart.

Therefore, this time at the "Spoils Sharing Conference", Su Chenyu directly asked SK Telecom by name, who dares to be strong with him, that is, he will not die.

SK Telecom, one of the core companies of SK Chaebol, is strong in the field of information and communication, especially in the commercialization of CDMA technology, and he is the first one. In addition, SK Telecom has very good strength in the field of data transmission and communication, which is definitely a "big supplement" that should not be missed for Qualcomm.

After being wholly acquired by Tianchen Fund, Qualcomm received a huge amount of capital injection for research and development, so they have made great achievements in research and development in chips and communication technology. Of course, Qualcomm's current core is CDMA technology, you know, Qualcomm controls all the core patented technologies of the entire CDMA, and has begun the era of the evil "Qualcomm tax".

This time, Su Chenyu decided to let Qualcomm eat SK Telecomm, which is to further strengthen its strength in information and communication technology, after all, according to the experience of the previous life, Qualcomm is a little weak in 4G communication technology. Therefore, Su Chenyu naturally wants to urge Qualcomm to strengthen research and development in this area, but this guy has talked to Owen Jacobs, the "big guy", many times. However, in the final analysis, Su Chenyu is just a novice in the communications industry and doesn't understand anything. Fortunately, Owen Jacobs is a real "technical master", although Su Chenyu is not a fart what this guy said, but the old man still summed up some things and gave Qualcomm guidance in the general direction.

However, although Su Chenyu is a "technical novice", it doesn't mean that buddies can't "contribute" to Qualcomm. You know, in this era of "capital drives everything", money is the master, buddy will not engage in technology research and development, but you can buy a good communication company for you.

Therefore, SK Telecom has gloriously become Su Chenyu's soul!

I have to say that Su Chenyu's timing is really good, and his shot during the "financial turmoil" is definitely accurate. You know, SK Telecom is having a hard time right now, and I think the whole of South Korea is having a hard time.

In this "financial turmoil", the SK chaebol has also suffered a heavy blow, and life is not easy, although it is not to the point of bankruptcy, but it is not much better - there are no eggs under the nest?

However, what I didn't expect was that although the situation of SK chaebol was not very good, when faced with the acquisition proposed by Qualcomm, it chose to refuse at the first time. Yes, even if they refused, SK chaebol rejected Qualcomm's offer to buy, and even though SK Telecom was now in a loss-making state, they were still reluctant to make a move.

If you think about it, SK Telecom, as one of the core industries of SK Chaebol, naturally cannot be thrown out casually. However, this time, the SK chaebol may be disappointed, and this time, they must hand over SK Telecom.

Obviously, the SK chaebol still hasn't figured out the current situation, so hasn't General Motors' acquisition of Daewoo Motors, Tianchen Fund's takeover of Kia Motors, GE's division of Samsung with SC Johnson, and Citigroup's angry attack on Hanmi Bank, etc., yet have they not understood the fact that "American capital is their own father"?

Hehe, it didn't take long for them to understand that because X Fund and Wall Street Capital jointly launched a small-scale campaign against the SK consortium, which caused him to be defeated one after another. There was no choice, and the SK chaebol finally had to pinch their noses and admit it, and they chose the latter between death and survival - agreeing to Qualcomm's acquisition of SK Telecom.

Soon, the South Korean government formally approved the $250 million acquisition, and Qualcomm will buy 100% of SK Telecom for $250 million. This price is really a "cabbage price" for SK Telecom, you know, SK Telecom has a huge 50% share of the South Korean telecom market alone - isn't this price the same as picking up for nothing?

Well, but, "white picking" seems to be an ability!