By Elaine Huang
The fund will invest in seed stage startups, with a cheque size of JPY 5-15 million. It will also target startups based out of Fukuoka, hometown of founder Morozumi.
According to financial industry research house Coalition, Citigroup and Bank of America are ahead of DeutscheBank. JPMorgan Chase and Goldman Sachs retained their positions in first and second place respectively.
Assets up for grabs in Indonesia include Australia and New Zealand Banking Group Ltd’s 39 percent stake in PT Bank Pan Indonesia. Singapore state investor Temasek Holdings has already tried to sell its stake in Indonesia’s Bank Danamon.
Foxconn CEO Terry Gou ducked questions about how – and when – Sharp would become profitable again, but expressed confidence in the Japanese company’s ability to bounce back with its highly regarded technology. “I’m not going to sugar-coat the challenges,” he said. “But I have a clear roadmap in my heart,” the Foxconn chief added.
Slack has raised $200 million in venture capital financing, boosting its valuation to $3.8 billion. The latest funding brings Slack’s total VC financing to $540 million. This round was led by Thrive Capital and included GGV Capital and Comcast Ventures, as well as existing investors.
Several private equity firms are weighing bids for Yahoo’s internet assets including Blackstone Group LP, KKR & Co LP, TPG Capital LP, Apax Partners LLP, Warburg Pincus LLC, Bain Capital LLC and Hellman & Friedman LLC.
Almost eight decades since the first Saudi oil was discovered, King Salman’s 30-year-old son is aiming to transform the world’s biggest crude exporter into an economy fit for the next era. As his strategy takes shape, the speed of change may shock a conservative society accustomed to decades of government handouts.
New Zealand-based poultry producer Tegel Group Holdings has announced that it will be looking to raise up to $344.4 million in the country’s first initial public offering (IPO) this year.
Its IPO, scheduled for next month, will see the company valued at an amount in the range of $552 million to $636 million, as determined by valuations by First NZ Capital and Deutsche Bank.
China’s Anbang Insurance Group Co walked away from its planned $14 billion offer for Starwood Hotels & Resorts Worldwide Inc to avoid a protracted bidding war.
U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen.