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.
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.
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.
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.
Spacebook and Veromo have closed investment while Aussie medtech ventures have secured government funding.
Mark Schwartz, Goldman Sachs Group Inc.’s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm.
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.
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.
VRize has closed a seed investment while LINE is making moves to deepen its footprint in Southeast Asia.