By Lisa Du
Japanese companies announced more than 1,000 offshore acquisitions totaling a record $191 billion last year, led by Takeda Pharmaceutical Co.’s blockbuster takeover of Shire Plc.
Jangho, which is also Healius’ biggest shareholder, with a 16 percent stake, made a bid last week to acquire the New South Wales-based company.
The $112-billion Korea Post intends to invest more than half of its commitments in startups via FoFs.
Other investors, who participated in the funding, include Swiss drugmaker Novartis AG and Arboretum Ventures.
Verily, which was previously part of Google’s research and development unit, received an $800-million investment from Singapore’s Temasek in 2017.
Largely focused on the US, the VC firm is also keen to step up its pace of investments in India and was also considering setting up a base in the country.
The acquisition of lamudi.lk’s listings and the local operations of Lamudi Sri Lanka will enable LankaPropertyWeb to expand its reach and property portfolio.
The hiring is the latest move by Masayoshi Son to transform SoftBank into a technology-focused investor with initiatives such as the near-$100 billion Vision Fund.
Noor Bank will hold the stakes alongside other investors and limited partners.
Saudi Arabia is exploring mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank.