By Andrew Torchia
The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building… Read more »
SK Hynix could be part of a consortium led by Bain Capital LP,
The launch of $100b Vision Fund is likely to coincide with Trump’s Saudi visit.
Broadcom, based in San Jose, California, is offering about 2.2 trillion yen ($20 billion) .
Acquisition to enhance Candee’s content creation abilities,
They bet high on meal delivery investing $4.1b in 2015
Foxconn, Apple & Qualcomm to also invest in tech fund.
Private equity firm Prostar Capital together with BlackRock Infrastructure Solutions Group on Thursday announced the acquisition of Seoul-based Kyungnam Energy Co. Ltd. Prostar, that invests in midstream energy infrastructure, acquired 95 per cent shares in Kyungnam Energy from the existing controlling stakeholders, said a press statement. The investment was made via a consortium comprising… Read more »
Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion-a-year sector that has long relied on pencil and paper. San Francisco-based startup KeepTruckin said on Thursday… Read more »
A Japanese state-backed fund plans to sell nearly a fifth of shares in chip maker Renesas Electronics Corp – worth $2.7 billion at current prices – bolstering its coffers amid expectations it is planning to invest in Toshiba’s chip unit. Although the fund, the Innovation Network Corp of Japan (INCJ), has… Read more »