Michael Dell is funding South Korea's most-expensive divorce ever

AI Summary

Michael Dell is investing $406 million in SK Inc by purchasing a 1.34% stake from chairman Chey Tae-won. Chey is selling the shares to help fund a divorce settlement, while the transaction also reflects Dell's technology-infrastructure ties with SK Group.

Michael Dell is investing $406 million in SK Group by purchasing shares from chairman Chey Tae-won. This transaction involves a 1.34% stake in SK Inc, aimed to fund a divorce settlement. Chey Tae-won is selling shares totaling 944 billion won to pay his ex-wife. The investment showcases Dell's connection to SK Group through their partnership in technology infrastructure.