SK Telecom Agrees to Acquire Shopkick; Deal Would Give SK Telecom New Foray Into U.S

South Korean wireless company SK Telecom Co. said it agreed to acquire U.S.-based shopping-loyalty app Shopkick Inc. SK Planet Inc., a fully owned subsidiary of SK Telecom that is operated independently, paid about $200 million for the company, a person familiar with the matter said.

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2014-09-27
Main Authors: Greg Bensinger Douglas MacMillan, Cheng, Jonathan
Format: Newspaper Article
Language:English
Subjects:
Telecommunications industry
Wireless carriers
Online Access:Get full text
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Summary:South Korean wireless company SK Telecom Co. said it agreed to acquire U.S.-based shopping-loyalty app Shopkick Inc. SK Planet Inc., a fully owned subsidiary of SK Telecom that is operated independently, paid about $200 million for the company, a person familiar with the matter said.
ISSN:2574-9579