MBK Partners Pursues Acquisition of Megastudy Education

[Asia Economy Reporter Lim Hye-seon] Private equity firm MBK Partners is pursuing the acquisition of online education company Megastudy Education.

On the 26th, Megastudy Education disclosed in response to a Korea Exchange inquiry regarding the sale of the largest shareholder's stake, stating, "After confirming with the largest shareholder, we received a response that various options, including a sale, are being considered for the stakes held by MBK Partners and our company." However, the company added that no specific decisions have been finalized regarding the sale of shares at this time. The shares being considered for sale are known to include approximately 35% in total, comprising 13.53% held by Chairman Son Joo-eun, 13.53% held by CEO Son Sung-eun, and 6.00% held by the parent company Megastudy.