Market Chatter: SK Group Chairman Sells $407 Million Stake to Michael Dell's Family Office

04:31 AM EDT, 10/14/2026 (MT Newswires) -- SK Hynix (SKHY) parent company SK Group's Chairman Chey Tae-won has agreed to the sale of a 1.34% stake in the holding company to an investment fund linked to Dell Technologies (DELL) founder Michael Dell for 544 billion won ($407.2 million), Reuters reported Wednesday, citing a regulatory filing. Reuters reported that the sale forms part of Chey's plan to raise 944 billion won through share disposals to fund a divorce settlement with his former wife. The buyer of 972,493 SK shares was identified as DFO Public Investment, a Delaware-based investment fund affiliated with DFO Management, which is the family office of Michael Dell, Reuters reported. Dell and SK did not immediately reply to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)