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2026
Dell family fund acquires about 1.34% stake in SK Inc. from Chairman Chey Tae-won
Regulatory filings reported on October 13 revealed that DFO Public Investments, L.P., a fund under Michael Dell's family asset management firm DFO Management, bought 972,493 shares of SK Inc., about a 1.34% stake, for 544.0 billion KRW (about US$406 million). The seller is SK Group Chairman Chey Tae-won, who plans to sell about 2.26% of SK Inc. for a total of 944.0 billion KRW to fund his divorce settlement, with about 0.94% set to be sold to Korea Investment & Securities for 400.0 billion KRW. The report notes the buyer is the Dell family fund, not Dell Technologies itself, and there is no evidence the deal involves a new AI memory supply agreement with SK Hynix.