Yahoo Inc said on Wednesday it had shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd, citing tax concerns, and will instead create a separate company to hold the rest of its assets. The new publicly traded company will house Yahoo’s Internet business and… Read more »
“There is a clear need for some consolidation to take place here (in Europe), and that is something I’m interested in,” said Kaj Hed, the Finnish firm’s chairman and biggest shareholder
The stakes are high in the hunt for Satoshi Nakamoto, the person or people behind bitcoin, not just for the journalist who gets it right first, but also for the cryptocurrency itself. An Australian entrepreneur and academic, Craig Steven Wright, is the latest candidate, outed in articles by Wired… Read more »
The deal pipeline has shown resilience, with 60 per cent of SEA corporates indicating that they are working on four or more deals currently. As well, 71 per cent of respondents expect this pipeline to increase, the survey found.
The merger will create a chemicals giant with more than $120 billion market value . The deal would face regulatory approval in several countries.
China‘s multi-billion dollar drive towards self-reliance in semiconductors has spawned a cluster of chip designers that industry experts say could eventually rival leaders Qualcomm Inc and MediaTek Inc. The world’s second-largest economy now boasts nine companies that design and sell chips in the global top 50 from just one in 2009…. Read more »
Stagnant leveraged buyout volumes are in sharp contrast to a surge in activist campaigns, which are increasingly towards forcing the kind of operational changes that PE firms would have carried out.
Singapore’s Temasek & DBS, UBS, IFC, JPMorgan, others pick 17% in China’s Postal Savings Bank for $7b
The sale, ahead of a multi-billion dollar IPO, marks the single biggest private fund-raising in China’s financial industry with the 10 investors attracted to the bank’s customer base of almost 500 million – larger than the population of the United State
In China’s hottest tech sector, hundreds of “online to offline” start-ups have failed as skyrocketing valuations deter investors and put the brakes on fresh funding.