[Featured Stock] Interpark Surges on News of Yanolja Acquisition
[Asia Economy Reporter Ji Yeon-jin] Interpark is soaring on the news that it will be acquired by the leisure platform Yanolja on the 15th.
![[Featured Stock] Interpark Surges on News of Yanolja Acquisition](http://www.asiae.co.kr/news/img_view.htm?img=2021091515365631945_1631687816.jpg)
As of 9:23 AM on the same day, Interpark is trading at 8,480 KRW, up 9.14% (710 KRW) compared to the previous day.
The strong rise in Interpark's stock price is interpreted as a reaction to Yanolja's announcement the day before that it had signed a memorandum of understanding for the acquisition of Interpark.
Yanolja announced that it will acquire a 70% stake in Interpark's business sectors including travel, performances, shopping, and books for 294 billion KRW.
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As a result, Interpark will sell 70% of the shares of a newly established company created by the physical division of its main e-commerce business segment.
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