Tencent eyes 40% stake in Kakao Mobility from financial investors- report

Published 18/06/2025, 10:54
© Reuters

Investing.com -- Chinese technology giant Tencent (HK:0700) is looking to acquire approximately 40% stake in Kakao’s mobility unit from financial investors, according to a report from Korea Economic Daily.

The report, which cited unidentified sources in the investment banking industry, states that current investors including TPG and Carlyle are seeking to sell their stake in Kakao Mobility.

A VIG consortium that includes Goldman Sachs and Mubadala Investment is also reportedly in discussions with the investors about purchasing the stake.

The mobility unit is part of South Korean tech company Kakao, which operates various digital services in the Korean market.

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