Korea Economic Daily reports that Peter Thiel, one of the legendary Silicon Valley investors and a former PayPal CEO, has acquired 3% stake in Korean image sensor maker PixelPlus. Reportedly, he paid 10 billion won (about $9.3M) , putting the company valuation at about 330 billion won, or $310M. Analysts expect the company value to jump to 500 billion won next year when it is to make IPO on the KOSDAQ. Pixelplus founder and president Lee Seo-gyu is said to own 24.4% stake in the company.
Pixelplus posted 149.4 billion won in sales revenue and 46.5 billion won in operating profit last year.
Pixelplus posted 149.4 billion won in sales revenue and 46.5 billion won in operating profit last year.
