Alibaba joins $1b round of new mobile video service by ex-Disney’s Katzenberg


The platform, with a working title of “NewTV”, will be led by Meg Whitman, former chief executive officer of Hewlett-Packard.

New York pension fund commits $250m to two Asia PE funds

The pension fund targets to adjust its private equity allocation to 8 per cent of its total budget.

Australia’s Wesfarmers to sell stake in Bengalla JV for $635m

The decision to sell its interest in Bengalla follows the completion of the sale of Wesfarmers’ Curragh coal mine in March.

Australia’s Amcor to acquire rival Bemis for $5.26b

This is Amcor’s biggest acquisition ever, adding $4.1 billion to its revenue — all of it from flexible packaging products that are typically made of plastic.

Toys ‘R’ Us lenders may swap $760m in debt for Asian unit

Lenders would make a so-called “credit bid” by using their senior secured notes in the Asia business rather than cash.

SoftBank weighs largest IPO ever for domestic wireless business

SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering.

French carpooling firm BlaBlaCar acquires Russia’s BeepCar

BlaBlaCar, which has operations in 22 countries worldwide, including India, is already a market leader in Russia, having entered the country back in 2014.

BlackRock hits final close of maiden Asia private credit fund

The fund, which closed in April this year, saw investments from institutional investors across North America, Asia Pacific and Europe.

Sydney’s OneVentures, Israel’s Viola team up to launch $74m credit fund

The new venture credit fund will be launched in August and is expected to reach the first close by November 2018.

Australia’s AxiCorp acquires UK-based One Financial Markets

AxiCorp said the move comes amid anticipation of further consolidation in the global CFD and FX industry due to upcoming regulatory changes.