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Business
Michael Dell Buys $406M Stake in SK Group to Aid Chey Tae-won's Divorce
✍️ Times of India
🗓 07 Nov 2026, 11:43 PM
👁 2
Michael Dell is acquiring a 1.34% stake in SK Inc for $406 million, a move designed to help SK Group chairman Chey Tae-won fund his record-breaking divorce settlement.
Michael Dell, the co-founder of Dell Technologies, is set to invest $406 million in South Korea’s SK Group. This significant financial move involves the purchase of shares from the group’s chairman, Chey Tae-won. The transaction is primarily aimed at generating the funds necessary for Chey Tae-won to settle a massive divorce payout to his ex-wife.
The deal entails the sale of shares worth 944 billion won, which translates to a 1.34% stake in SK Inc. This transaction is being described as the most expensive divorce in South Korean history. By facilitating this share transfer, Dell is helping the chairman liquidate assets to meet his personal financial obligations arising from the separation.
This investment underscores the existing strategic partnership between Dell and SK Group in the technology infrastructure sector. The move not only resolves a high-profile personal financial matter for the chairman but also strengthens the commercial ties between the two tech giants. The transaction highlights the complex intersection of personal legal matters and corporate equity structures in the global business landscape.
The deal entails the sale of shares worth 944 billion won, which translates to a 1.34% stake in SK Inc. This transaction is being described as the most expensive divorce in South Korean history. By facilitating this share transfer, Dell is helping the chairman liquidate assets to meet his personal financial obligations arising from the separation.
This investment underscores the existing strategic partnership between Dell and SK Group in the technology infrastructure sector. The move not only resolves a high-profile personal financial matter for the chairman but also strengthens the commercial ties between the two tech giants. The transaction highlights the complex intersection of personal legal matters and corporate equity structures in the global business landscape.