Samsung Electronics launches fund for SMEs

Samsung Electronics says it doesn’t expect major TV impact from Hon Hai’s Sharp deal


Samsung Electronics Co Ltd does not expect major change for its television business after Hon Hai Precision Industry Co Ltd completes its planned acquisition of display panel maker Sharp Corp.

Takeover battle for Starwood pits Anbang against Marriott

As Marriott International Inc. tries to lock down its purchase of Starwood Hotels & Resorts Worldwide Inc. with a sweetened bid, China’s Anbang Insurance Group Co. remains a potential spoiler. The onus is on the Beijing-based insurer and its partners to increase their $13.2 billion cash offer after Starwood said… Read more »

Apple hopes small is big again as iPhone SE debuts for $399

Apple Inc on Monday launched its least expensive iPhone, the $399 iPhone SE, filling a hole in its product lineup with a small-screen model that targets new customers in emerging markets and fans of smaller phones as the company tries to reverse falling phone sales. The low-key launch, held at… Read more »

Insurer AXA’s CEO goes, fuelling talk of HSBC role

AXA Chief Executive Henri de Castries will step down in September after nearly 17 years at the top of Europe’s second-largest insurer, fuelling speculation that his next role could be as HSBC chairman.

IHS to buy data provider Markit, combined $13b entity to be based in UK

The companies said IHS shareholders will own about 57 percent of the combined company following the close of the all-stock deal, which values Markit at about $5.9 billion.

Starwood accepts higher $13.6b offer from Marriott, spurns China’s Anbang Insurance

Marriott raised the cash portion of its offer to $21 per share from $2, valuing its new stock-and-cash offer at $79.53. The company offered $72.08 per share in November.

Altos Ventures’ second Korea-focused fund closed at $110m

With offices in San Francisco and Seoul, Altos Ventures has closed $110 million for its second Korean Opportunity Fund (KOF), according to a report. Closed in 2013, its first Korea-centric fund is said to be $60 million. It has also closed four US-facing funds in the last 10 years. According to… Read more »

Low-budget Leicester’s title run in English Premier League nets fortune for Thai owner

The club is now worth an estimated eight times what Thai duty-free billionaire Vichai Srivaddhanaprabha paid for it six years ago. It has also bedeviled the big spenders that typically top the standings and challenged the long-held belief that, in the Premier League, the more you pay, the more you win.

Foxconn lowering offer for Japan’s Sharp

Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook.

Bitcoin finds room in small funds; large institutions still on sidelines

Digital currency bitcoin has found favor among smaller investors, thanks to the availability of funds designed to invest in it, but remains a niche among the larger investing community.