SK Telecom to buy MP3 player maker iRiver from Vogo-Rio

Home > Business > Industry

print dictionary print

SK Telecom to buy MP3 player maker iRiver from Vogo-Rio

SK Telecom, the nation’s largest mobile telecommunications service provider, will acquire iRiver, a local MP3 player maker that once was No. 1 in the world market.

The midsize audio gadget maker announced that its largest shareholder, Vogo-Rio Investment Holdings, decided to sell iRiver to SK Telecom. The two sides will start negotiations for a sales contract as soon as possible. In the initial bidding, SK competed with three other companies, two Japanese audio player manufacturers and one Korean private equity fund.

More in Industry

Majestic flight

Hyundai Motor is new darling of the stock market

Doosan Tower sells for 800 billion won as financial woes continue

Hyundai E&C wins big rail project contract in Philippines

Spud sundaes and ugly apples as retailers rush to help farmers

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now