Cornerstone Networks, maker of artificial robots, and other electric measurement equipment, will take over the Bithumb cryptocurrency exchange.

Both companies said negotiations are underway to sign the deal.

Under the deal, Cornerstone Networks would take over more than half of the outstanding stocks of the SK BK Group, Bithumb’s holding company.

Cornerstone owner Cho Yoon-hyung is to take over Bithumb from the SG BK Group.

SG BK Group Chairman Kim Byung-gun confirmed the deal through a telephone interview with the Block Media.

Details of the deal, including the takeover price, has yet to be finalized, he added.