Australia’s Tabcorp, Tatts envision $7b gaming industry


Australia-based gaming firms Tatts Group Limited and Tabcorp Holdings Ltd on Tuesday said they are in talks to create a $7.1 billion (A$9.34 billion) betting industry giant, hoping to join forces to fend off popular online rivals.

GIC, Fortis complete $11.3b acquisition of electric transmission firm ITC Holdings

Fortis Inc and Singapore investment firm GIC Private Ltd have completed their acquisition of Michigan-based electric transmission company ITC Holdings Corp for about $11.3 billion.

CDIB leads $10m round for Taiwan image-recognition startup Viscovery

Taiwan’s cloud-based image and video-recognition technology startup Viscovery has secured $10 million in investments in a financing round that was led by China Development Industrial Bank (CDIB) among other investors.

VC Index Ventures leads $23m Series B round in Australia’s SafetyCulture

Blackbird Ventures and Atlassian’s co-founder and Co-CEO Scott Farquhar, who spearheaded the series A round two years ago, also participated in this round.

Australia: Spacebook & Veromo secure funding; Aussie medtech funding

Spacebook and Veromo have closed investment while Aussie medtech ventures have secured government funding.

Goldman Sachs’s Schwartz leaving as Asia-Pacific chairman

Mark Schwartz, Goldman Sachs Group Inc.’s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm.

Tesla, Panasonic to collaborate on solar manufacturing

Elon Musk’s Tesla Motors said it would collaborate with its longstanding battery partner, Japan’s Panasonic Corp, to manufacture solar cells and panels at a New York factory. The agreement, a non-binding letter of intent, is contingent on shareholder approval of Tesla’s acquisition of SolarCity Corp, the electric car maker said… Read more »

Russia: Yandex explores payments space;MEL Science closes $2.5m Series A; IIDF invests in Metacommerce

Yandex has launched a new partnership program and introduced a money transfer program via iMessage on iPhones, Sistema VC invests $2.5 million into edtech venture MEL Science and IIDF has invested in e-commerce analytics firm Metacommerce.

Wanda unveils studio rebates, says Lions Gate to Use Qingdao

Billionaire Wang Jianlin’s Dalian Wanda Group Co. unveiled subsidies worth more than $150 million a year to lure film makers to his new studio complex.

Japan: VRize closes seed investment; LINE to grow ASEAN footprint, explore news & media

VRize has closed a seed investment while LINE is making moves to deepen its footprint in Southeast Asia.