South Korea's Mirae Asset completes acquisition of Korbit crypto exchange and plans to increase stake to 97.15%.
Ecosystem ·
Mirae Asset has completed its acquisition of Korbit, a South Korean crypto exchange. The investment firm holds a 92.06% stake following the transaction and intends to increase that position to 97.15% through an additional deal slated for later in the week, according to local reporting.
The mechanics of the stake expansion remain unspecified in available reports. Details on the timing, price, or mechanics of the secondary transaction that would raise Mirae Asset's ownership to 97.15% have not been disclosed.
What remains unclear is the strategic rationale behind the acquisition, the terms of the completed deal, and whether the planned increase to 97.15% represents a full buyout or a partial stake structure.