SkyWorldwide to lift SkyIntelligence stake to 66.9% in 25.35 billion won deal
SkyWorldwide will buy 6,500 more SkyIntelligence shares, with the acquisition set to close on January 28, 2027, according to inews24.com.
SkyWorldwide announced on October 26 that it will acquire 6,500 additional shares of SkyIntelligence for 25.35 billion won, raising its stake in the physical AI synthetic data company from 42% to 66.9%, according to inews24.com.
The acquisition is scheduled to be completed on January 28, 2027. Under the payment structure, 228.15 billion won — described in the announcement as 90% of the acquisition price — is to be paid in 30-year perpetual convertible bonds, with the remaining 25.35 billion won paid in cash in January next year.
SkyWorldwide is an AI data full-stack company whose products include the commercial graph database tools SchengSQL and SchengGraph and the hybrid AI agent Ontovia. SkyIntelligence works on synthetic data for physical AI.
Both companies said they plan to strengthen cooperation across synthetic data creation, graph databases and AI agents.
Earlier joint work on physical AI
On July 1, SkyIntelligence took part as a main contributor in the first physical AI white paper on high-precision manufacturing, providing digital twin and synthetic data technology. On the 20th, the second white paper, on cultivating talent for industrial physical AI, was published with participation from Amazon Web Services, Deloitte and AsiaInfo; SkyIntelligence was the only Korean company among the four main contributors.
Quick answers
How much is SkyWorldwide paying for the SkyIntelligence shares?
SkyWorldwide will acquire 6,500 shares for 25.35 billion won, raising its stake from 42% to 66.9%.
When will the acquisition be completed?
The deal is scheduled to be completed on January 28, 2027.
How will the acquisition be paid for?
The 228.15 billion won portion described as 90% of the acquisition price is to be paid in 30-year perpetual convertible bonds, with the remaining 25.35 billion won paid in cash in January next year.