Japan’s GREE Ventures closes first round for $60m fund, adds India to targeted markets


GREE Ventures, the $100 million venture capital arm of Japan’s gaming group GREE Inc, announced on Thursday the first close of its new AT-II Investment Limited Partnership Fund (AT-II) with approximately $37 million in committed capital, dedicated to Japan, Southeast Asia and new market India.

Australia’s APN and Fairfax in talks on NZ merger

Media group APN News & Media Ltd on Wednesday announced plans to spin off its New Zealand business and merge it with the local business of Australia’s Fairfax Media Ltd. APN News & Media Ltd said it initially plans to list its New Zealand business, NZME, on the New Zealand… Read more »

Loss-hit Australia Post might sell iconic GPOs on prime real estate

Australia Post, the nation’s largest and oldest mail service, is planning to sell its iconic general post office (GPO) buildings in several key cities to help cut losses and raise much-needed cash. Leaked investment documents show the company is seeking to sell GPO buildings in Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart… Read more »

Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’

Deutsche Boerse’s planned $30 billion merger with LSE Group is on track for completion late this year or in early 2017.

Australia’s AWE rejects $311m bid from Lone Star fund

Australian oil and gas company AWE Ltd said on Wednesday it had rejected a A$421 million ($311 million) takeover approach from U.S.-based private equity fund Lone Star.

German insurer Allianz to sell part of life insurance unit to Taiwan Life Insurance

“Some 80,000 policies are affected. Allianz Taiwan Life staff will not be impacted by the deal,” the company said.

Hitachi to deploy $2.8b in internet-of-things platform over next three years

Hitachi Ltd. plans to invest about $2.8 billion over the next three years in its Internet of Things platform.

People Dealboook: Sequoia Capital, LaSalle Investment name new venture partner, research head

US-based Sequioa named Herbert Chia as venture partner, a former data committee head and group vice president at Alibaba Group Holdings Ltd, while LaSalle Investment appointed Elysia Tse to head its management office in Singapore and lead on research and strategy.

Saudi Aramco prepares for global expansion as IPO looms

The company is looking at opportunities in the United States, India, Indonesia, Vietnam and China, chief executive Amin Nasser told reporters during a rare media visit to the company’s Dhahran headquarters

Australia: Denham-backed Pembroke Resources acquires Peabody’s tenements for $76.3m

This move follows Taurus Funds Management’s 70-per-cent stake purchase of Anglo American’s Foxleigh coal mine in Australia last month.