Tada-IM will merge and attract 50 billion investment
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-04-14 07:03:25
[Alpha Biz=(Chicago) Reporter Paul Lee] While the merger of taxi brokerage platform Tada and IM taxis is being pursued, attracting external investment for the merged corporation is also under way at the same time.
According to the investment banking industry on the 13th, Viva Republica, the largest shareholder of Tada operator VCNC, and Jin Mobility, an IM taxi operator, are attracting 50 billion won in investment on the condition of a merger. Samjeong KPMG, which is in charge of the merger work, was in charge of the host company.
Viva Republica and Jin Mobility, the operators of each company, are said to have set the corporate value of the merged corporation at about 300 billion won. If it succeeds in attracting investment, it will increase to 350 billion won. Currently, platform companies such as T-Map Mobility are reportedly considering investing.
The merger method includes a plan for Jin Mobility to buy a large portion of its VCNC stake and merge and exchange shares. Due diligence is currently underway before determining the merger ratio.
The merger of Tada and Imtaxi is a strategy to counter Kakao Mobility. Currently, the number of IM taxis is known to be 1,000 and Tada is known to be 500. At the time of the merger, the number of operations increased to 2,000, which is similar to that of Kakaomobili (2,000 units). It is calculated that the combination of the two companies' operations can prevent Kakao Mobility from dominating.
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