By Anya George Tharakan
“Separating our Alibaba stake from Yahoo’s operating business is essential to maximizing value for our shareholders,” Chief Executive Marissa Mayer Mayer said. Verizon Communications Inc is among the technology, media and telecommunications companies seen as potential buyers of Yahoo’s core business.
French investment group La Française will take an 80-per-cent interest in investment advisor Forum Securities Ltd two years after launching a strategic partnership with Forum Partners, which is Forum Securities’ parent company.
Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general insurance products through CIMB Group Holdings Bhd.’s branches across Asia, people with knowledge of the matter said. CIMB could fetch about $200 million from the deal, according to the people,… Read more »
Jaypore, an e-commerce site for Indian contemporary apparel, jewellery and home décor items, has raised $5 million in venture funding in a venture round led by Aavishkaar. The amount will be used to scale up the technology platform, hire more people and build the brand, said Puneet Chawla, CEO, in… Read more »
BTG Pactual could partly receive payment for BSI in cash. Zurich-based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a scandal at a troubled Malaysian government fund, 1Malaysia Development Bhd.
The executives of Thai Airways (THAI) and Asia Aviation (AAV), the operator of Thai AirAsia, will meet for discussion next week after Deputy Prime Minister Somkid Jatusripitak suggested Thai Airways to acquire 20 per cent stake in AAV.
In two separate deals, AusGroup is selling a business segment to consolidate its operations while Top Global is acquiring 35 per cent stake in 5Footway Founders. AusGroup selling scaffolding & access business unit Marine and offshore engineering firm AusGroup Limited, which is listed on the SGX Mainboard, is considering acquisition offers for its scaffolding business. AusGroup… Read more »
Foreign firms can now hold 100% stakes in the film industry, including production, distribution and exhibition. Previously, the “negative investment list” shut foreigners out of much of the industry.
Chinese image licensing company Visual China Group said it plans to invest up to $100 million in Getty Images as the Shenzhen-listed firm expands its footprint in the global picture library. The deal comes a month after Corbis Entertainment, the image licensing company owned by Microsoft Corp‘s co-founder Bill Gates, sold… Read more »
Baring Private Equity Asia, Capital International and Bain Capital are in advanced talks to buy controlling stake in SRL Diagnostics, the country’s largest diagnostic chain and the listed subsidiary of Fortis Healthcare, according to a report in The Economic Times. Last year, SRL had hired investment bank Moelis & Co… Read more »