Chinese Group Now Owns US Chip Maker OmniVision

ChinaA Chinese investment group led by Hua Capital Management, a private equity company based in Beijing, has acquired US-based chip manufacturer Omnivision Technologies after paying USD1.9 billion, the American technology firm has confirmed. OmniVision chairman and CEO Shaw Hong has confirmed the acquisition and said the deal will allow its team of designers to develop more innovativeproducts and solutions for its range of customers.

http://www.chinatopix.com/articles/48253/20150505/chinese-group-now-owns-us-chip-maker-omnivision.htm

TPG boosts iiNet bid to $1.56bn, wins board’s backing

AustraliaTPG has upped its bid for iiNet to $1.56 billion and offered shareholders a choice of shares or cash, gaining the iiNet board’s support for its new bid over that of rival M2. iiNet last week gave TPG a chance to increase its March $1.4 billion all-cash offer after receiving a $1.6 billion scrip-based bid from M2. Today iiNet announced TPG had boosted its offer to $9.55 per iiNet share, including a $0.75 special dividend.

http://www.itnews.com.au/News/403588,tpg-boosts-iinet-bid-to-156bn-wins-boards-backing.aspx

MediaTek subsidiary completes acquisition of Alpha

TaiwanMStar Semiconductor has completed its acquisition of fellow IC design company Alpha Imaging Technology, according to a MediaTek filing with the Taiwan Stock Exchange (TSE). MediaTek announced that subsidiary MStar has acquired about 29.89 million shares of Alpha exceeding the required minimum. MStar will continue to acquire the remaining shares.

http://www.digitimes.com/news/a20150504PD209.html

iiNet board gives TPG chance to raise bid, from AU

AustraliaiiNet’s board has today given TPG an opportunity to raise its $1.4 billion bid for the company to either match or better rival M2’s $1.6 billion offer. M2 sparked a potential bidding war for iiNet this week when it revealed it had exceeded TPG’s March offer with an all-scrip $1.6 billion bid for the in-demand internet service provider. The deal would see iiNet shareholders receive 0.803 of an M2 share per iiNet share and a 75c special dividend.

http://www.itnews.com.au/News/403329,iinet-board-gives-tpg-chance-to-raise-bid.aspx

M2 pledges to keep iiNet brand alive, from AU

AustraliaM2 CEO Geoff Horth has promised to maintain the iiNet brand as a standalone operation and preserve its much-touted customer advocacy should its $1.6 billion offer for the company be accepted. The ISP today made a play for its rival following TPG’s March all-cash offer to take over iiNet for $1.4 billion. In its own offer, made public today, M2 took heed of shareholder concerns about the future of iiNet’s customer service and advocacy should the offer from low-cost operator TPG be accepted.

http://www.itnews.com.au/News/403208,m2-pledges-to-keep-iinet-brand-alive.aspx

M2 makes $1.6bn play for iiNet, from AU

AustraliaInternet service provider M2 Telecommunications has sparked a bidding war for iiNet, coming in with a higher, all-scrip offer than TPG’s March offer of $1.4 billion.  M2’s play at iiNet today offered $11.37 per share, giving the company an enterprise value of $2.25 billion. Excluding $1.37 per share of estimated synergies, the deal sits around $1.6 billion. TPG in March offered to take over iiNet in an $1.4 billion all-cash deal. M2 today said it would operate iiNet as a standalone brand, and had extended an offer for two iiNet directors to join its board, should the deal go through.

http://www.itnews.com.au/News/403203,m2-makes-15bn-play-for-iinet.aspx

Alibaba Pictures acquires Yueke Software for cloud platform

China.gifAlibaba Group entered the film industry last year, having acquired ChinaVision Media Group and renamed it Alibaba Pictures Group and other related companies. On April 21, Alibaba Pictures announced it was acquiring Guangdong Yueke Software Engineering Company, a supplier of a cinema-ticketing system, through an open bidding for 830 million yuan (US$134 million), Guangzhou’s 21st Century Business Herald reports.

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1204&MainCatID=12&id=20150426000004

MediaCorp acquires 52% stake in Indonesia’s KapanLagi

SingaporeSingapore-based media giant MediaCorp announced today that it has acquired a 52 percent stake in Indonesia’s KLN Group (KLN) for an undisclosed amount. KLN is the parent company of KapanLagi Network, one of the largest and most successful online media companies in the archipelago. The two firms signed the agreement in Jakarta today with the hope that MediaCorp’s expertise and pan-Asian reach can help accelerate KLN’s market position in Indonesia. The partnership also has a goal to create solutions for advertisers to reach customers in new ways.

https://www.techinasia.com/indonesia-mediacorp-kln-kapanlagi-acquisition/

Infosys acquires US firm Kallidus for $120 million

IndiaBENGALURU: Infosys has acquired US-based digital experience solutions company Kallidus for $120 million that includes a deferred component and retention bonus. Kallidus offers including mobile commerce and in-store shopping experiences to large retail clients. It develops and host mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store and all emerging channels.  The latest acquisition is Bengaluru-based IT company’s second acquisition this year.

http://timesofindia.indiatimes.com/tech/tech-news/Infosys-acquires-US-firm-Kallidus-for-120-million/articleshow/47038608.cms

Baidu acquires web security startup Anquanbao

ChinaChinese web giant Baidu has wholly acquired online security startup Anquanbao for an undisclosed sum, according to QQ Tech (hat-tip to TechNode for spotting). Anquanbao is a cloud-based protection service that guards websites from malware and distributed-denial-of-service attacks. Baidu plans to use Anquanbao to protect and speed up its Baidu Cloud services. Anquanbao founder Ma Jie will head up Baidu’s cloud security unit. Anquanbao’s other clients include Amazon Web Services China, Tencent Cloud, SAE, and 51DNS. It protects websites like LeTV, Umeng, and Zhihu, among many others.

https://www.techinasia.com/baidu-acquires-web-security-startup-anquanbao/

KDDI’s ‘Syn Alliance’ grows stronger as telco acquires ecommerce site Luxa

JapanIn acquiring Luxa, an ecommerce site specializing in high-end sales, KDDI has finally got its mark. The telco first invested in the startup back in 2013 for US$3.3 million. KDDI later joined forces with Luxa for its “Syn Alliance,” a collection of popular internet properties designed to form a more perfect mobile portal site last October. Terms of the acquisition were not disclosed.

https://www.techinasia.com/kddis-syn-alliance-grows-stronger-telco-acquires-ecommerce-site-luxa/

Singtel to buy Trustwave for $1 billion

SingaporeSoutheast Asia’s largest telecommunications operator Singapore Telecommunications will acquire US-based cybersecurity firm Trustwave for US$810 million (A$1 billion) in an effort to expand itscloud-based services. Trustwave will continue to operate as a stand-alone business unit, Singtel said. Its headquarters will remain in Chicago. “It will leverage Singtel Group Enterprise’s assets and market presence to broaden its overall security portfolio and address the fast growing emerging security market opportunity in the Asia Pacific region,” Singtel said in a statement.

http://www.itnews.com.au/News/402477,singtel-to-buy-trustwave-for-1-billion.aspx

DeNA announces acquisition, two new services alongside content curation initiative

JapanDespite its blockbuster partnership with Nintendo, Japanese mobile gaming giant DeNA is charging forward with its expansion into the lifestyle sector. At a press conference in Tokyo today, the firm announced a new initiative dubbed DeNA Palette. It seeks to add ten category-specific content curation platforms to its stable of apps and services through M&A, new hiring, and collaboration. Three of those platforms were made public today, with another three already existing under the DeNA umbrella.

https://www.techinasia.com/dena-palette-content-curation-platform/

Sony buying some OnLive assets for cloud gaming services

JapanWASHINGTON: Sony Computer Entertainment is buying various assets of OnLive, including 140 US and international patents for cloud gaming services. Onlive will be shutting its operations on April 30. The company is not renewing any subscriptions, and users whose subscriptions renewed on or after March 28 will be refunded. OnLive says that the OnLive Game Service, OnLive Desktop and SL Go (Second Life) will all be available until April 30.

http://timesofindia.indiatimes.com/tech/tech-news/Sony-buying-some-OnLive-assets-for-cloud-gaming-services/articleshow/46806225.cms

TCS, Accenture, Oracle in fray to acquire 90% stake in IT services provider Elitecore Technologies

IndiaMUMBAI: Tata Consultancy Services, Accenture and Oracle are in race to acquire around 90% stake in IT services provider Elitecore Technologies from global private equity fund Carlyle. The fund that invested Rs 50 crore in the company eight years ago is expected to make more than nine time returns with the company now being valued at Rs 500 crore, three people with knowledge of the deal said. In 2007, through its Carlyle Asia Growth Capital Partners, the fund had invested$10.3 million for a 33% stake in the company. It then invested $3 million to hike its stake in the company.

http://economictimes.indiatimes.com/tech/ites/tcs-accenture-oracle-in-fray-to-acquire-90-stake-in-it-services-provider-elitecore-technologies/articleshow/46800505.cms

India’s Snapdeal acquires RupeePower, launches financial services marketplace

IndiaSnapdeal today announced it acquired a majority stake in RupeePower, a financial products distribution platform. RupeePower will be integrated into Snapdeal’s newly launched financial services marketplace. Further terms of the deal were not disclosed. As a result, Snapdeal customers will now be able to apply for loans through the ecommerce site. RupeePower will use its credit comparison, matching, and processing tech and its network of banks and financial institutions to find the loans best suited for those customers.

https://www.techinasia.com/indias-snapdeal-acquires-rupeepower-launches-financial-services-marketplace/

TCS, Infosys, HCL Tech, Tech Mahindra in race to buy US-based IT firm: Sources

IndiaWhile the Indian IT firms are getting aggressive in buying smaller ticket size companies in the US, sources with direct knowledge share that one such candidate, Sierra-Cedar with HQ in Georgia, US is close to launching a sale process soon. Valuation expectation for a complete sale of Sierra-Cedar is pegged at around $350 million, a source said.

http://timesofindia.indiatimes.com/tech/tech-news/TCS-Infosys-HCL-Tech-Tech-Mahindra-in-race-to-buy-US-based-IT-firm-Sources/articleshow/46747210.cms

Hc360.com To Acquire Zol.com.cn For CNY1.5 Billion

ChinaChinese B2B e-commerce platform Hc360.com has reached a purchase deal with Zol.com.cn, an information technology vertical portal website in China, worth CNY1.5 billion. The acquisition deal covers several assets, including Zol.com.cn, Zol.com, and Ea3w.com. ZOL stands for Zhongguancun, which is the name for the area in Beijing rife with universities and technology companies. Zhongguancun is considered the Silicon Valley of China.

http://www.chinatechnews.com/2015/03/25/21515-hc360-com-to-acquire-zol-com-cn-for-cny1-5-billion

Philippines’ Xurpas enters Indonesia, acquires stake in mobile content provider

PhilippinesPhilippine tech company Xurpas has announced yet another acquisition, this time of a mobile content provider in Indonesia, marking its first foray into the country. In a disclosure to the Philippine Stock Exchange (PSE), Xurpas said it bought 49 percent of PT Sembilan Digital Investama, parent of Ninelives Interactive, for US$245,000. The Indonesian companies are engaged in mobile content development and distribution, the same business as Xurpas’. They have existing contracts with top carriers such as Telkomsel, as well as XL Axiata and Indosat.

https://www.techinasia.com/philippines-xurpas-enters-indonesia-acquires-mobile-content-provider-ninelives/

Viettel Cambodia takes over local telecom service provider

CambodiaOn its announcement issued this week, Beeline unveiled that Sotelco Ltd, ex-owner of the Beeline Cambodia trademark, is to stop involving in the operation of the network. As from March 24, Beeline scratch cards will become invalid and all current sim cards will be shifted to Metfone system, the company declared. Beeline users will benefit from the takeover as they can access to their new provider’s advanced services such as 4G technology.

http://english.vietnamnet.vn/fms/science-it/126166/viettel-cambodia-takes-over-local-telecom-service-provider.html