Tesla Motors CEO Elon Musk

Musk’s Tesla buyout plan – No formal offer, no firm deals with advisers


Three members of Tesla’s board will now weigh whether it is advisable – or even feasible – to pursue what could be the biggest-ever go-private deal, and they are doing so before receiving a formal proposal from the CEO.

US travel giant Booking Holdings acquires Australia’s HotelsCombined for $140m

HotelsCombined is a hotel metasearch engine that claims to aggregate more than 2 million deals from hundreds of travel sites and hotel chains.

Carlyle prepares for $5b listing of speciality chemicals group Atotech

Carlyle bought Atotech in 2016 at an enterprise value of $3.2 billion or 12 times its core earnings.

Asia Digest: IDG Capital backs Taiwan’s Dexon; Australia’s Seek leads $10m round in GO1

Blockchain platform developer Dexon Foundation has raised $20 million in a private placement led by China’s IDG Capital.

Elon Musk says Goldman, Silver Lake advising on Tesla buyout plan

Elon Musk said he’s getting advice from Goldman Sachs and private-equity firm Silver Lake on taking Tesla Inc. private, as the billionaire drip feeds details of a potential deal valued at more than $70 billion.

Musk explains ‘funding secured’ but it’s unlikely to get the SEC off his back

In a blog post, Musk sought to clarify by saying that Saudi Arabia’s sovereign wealth fund had been urging him since the beginning of 2017 to take Tesla private.

Taiwan’s instant booking app FunNow secures $5m Series A

The startup plans to use the proceeds to expand its operations in Hong Kong, Okinawa, Kuala Lumpur, Bangkok, Osaka and Tokyo.

Kuwait’s Agility teams up with Centerbridge on Abraaj bid

Agility’s aim in partnering with Centerbridge, which has experience in managing distressed assets, is to make its offer more attractive to LPs in Abraaj’s funds

Innogy sells stake in $2.6b wind project to Japanese firms

The deal gives the Japanese firms a stake in a regulated energy infrastructure asset in Europe

GLP to sell 8 properties to its Japanese REIT for $765m

The properties to be sold include seven GLP wholly-owned properties and one owned by GLP Japan Development Venture II.