Rebellion Completes Merger with Sapeon, Valued at 1.3 Trillion KRW

Deal News | Dec 02, 2024 | Kakao Ventures Corp

Rebellion, an artificial intelligence (AI) semiconductor startup, has announced the completion of its merger with Sapeon, SK Telecom's AI semiconductor subsidiary. This merger, announced in June and finalized in six months, has resulted in the emergence of a new unicorn in South Korea, with the merged entity valued at approximately 1.3 trillion KRW. The company will operate under the name Rebellion, with CEO Park Sung-hyun leading the combined organization. This strategic move marks a significant development in the AI semiconductor sector, positioning the new company as a leading force in the industry.

Sectors

AI Semiconductor
Telecommunications

Geography

South Korea – The merger and the companies involved are based in South Korea, highlighting the importance of this geography in the AI semiconductor industry.

Industry

AI Semiconductor – The article discusses the merger of two companies in the AI semiconductor sector, indicating a significant event within this industry.
Telecommunications – Sapeon is a subsidiary of SK Telecom, which falls under the telecommunications sector, showing the involvement of a telecommunications giant in the merger.

Financials

1.3 trillion KRW – The estimated corporate value of the merged entity, considering the merger ratio.

Participants

Name	Role	Type	Description
Rebellion	Target Company	Company	An AI semiconductor startup that has merged with Sapeon to become a significant player in the industry.
Sapeon	Vendor	Company	SK Telecom's AI semiconductor subsidiary that merged with Rebellion.
SK Telecom	Parent Company of Sapeon	Company	A major telecommunications company in South Korea, parent to Sapeon.
Kakao Ventures Corp.	Private Equity Firm	Company	The private equity firm involved, likely supporting the merger.
Park Sung-hyun	CEO	Person	The CEO of Rebellion, who will lead the merged entity.