Goldman Sachs in talks to buy control of TMAP Mobility

Goldman Sachs is negotiating with SK Square to acquire management control of TMAP Mobility, operator of South Korea's top navigation service TMAP. The bank aims for a 60–70% stake, including holdings of Affirma Capital, EastBridge Partners and Kookmin Bank, in a deal valued at 700–800 billion won ($520–600 million). An IPO has been pushed to 2027.

• SK Square holds 63.23% of TMAP Mobility and is ready to sell control
• Goldman Sachs targets a 60–70% stake and largest-shareholder status
• Deal valued at 700–800 billion won ($520–600 million)
• IPO postponed from 2025 to 2027