Samsung financial arms reportedly eye Kakao's Dunamu stake in potential $725M deal

Samsung's financial affiliates are considering acquiring a portion of Dunamu shares held by Kakao Investment, according to the Korea Economic Daily. The potential deal, which would involve the purchase of existing shares from Dunamu's third-largest shareholder, is projected to be a major transaction valued at over one trillion won ($725 million). In response to the report, an official from Samsung Life Insurance stated that the company is not currently in discussions with Kakao Investment regarding the purchase of Dunamu shares. A representative from Kakao also commented that nothing has been decided at this time.