Asia-Pacific fibre infrastructure company Superloop has announced the acquisition of Cinenet Systems for AU$3 million, with the broadcast media network to provide Superloop with an avenue to enter both the media industry and the US market. The AU$3 million acquisition will consist of AU$1.5 million in cash and AU$1.5 million in Superloop scrip.
China Tech News — Now that Alibaba almost owns China’s top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles’ Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, under which Alibaba will acquire Youku-Tudou in cash.
Datacenter Dynamics — Singapore-listed DeClout has announced an agreement to buy Pacnet’s Internet Service Provider (ISP) assets and business in Singapore and Thailand for a total of US$4.4 million in cash. This comes less than a year after Telstra acquired Pacnet for $700 million, and just months after Telstra announced that it would retire the Pacnet brand earlier this year.
Digi Times — China-based Tongfang Guoxin Electronics, an affiliate of Tsinghua Unigroup, has announced a planned CNY80 billion (US$12.59 billion) private placement project, a step toward building itself as a semiconductor giant in China. Tongfang Guoxin plans to issue 2.959 billion new shares to a number of affiliated companies under the Tsinghua Unigroup as well as its employees, said the company.
Datacenter Knowledge — Equinix has completed its acquisition of Japanese data center provider Bit-isle, adding five data centers in Tokyo and one in Osaka to its existing footprint in both cities, the Redwood City, California-based company announced today. Equinix has acquired about 97 percent of equity interests in the Japanese provider, expecting to buy the rest by the end of the year. The company first announced the deal in September, saying it had made an offer for $280 million.
Times of India — BEIJING: Billionaire Jack Ma’s Chinese e-commerce giant Alibaba has announced an estimated $4.8 billion deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China’s equivalent to YouTube, in the latest of a string of acquisitions as it sets its sights far beyond its core eBay-style transactions business.
Channel News Asia — SINGAPORE: IT infrastructure and cloud computing company DeClout has signed a deal to acquire the internet service provider (ISP) assets and business of Pacnet Internet in Singapore and Thailand. In a press release issued on Sunday (Nov 8), SGX Catalist-listed DeClout said it hopes the acquisition will expand its regional reach in South-east Asia and expand the customer base for its information technology and telecommunications products.
Times of India — TAIPEI/HONG KONG: Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25% stake in Powertech Technology for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. The alliance, announced on Friday by both companies, is likely to help bolster the development of China’s fledgling chip industry and comes after the Chinese tech group recently hired a veteran Taiwanese semiconductor executive.
Times of India — NEW DELHI: IT services provider HCL Technologies said that it has acquired Minneapolis-based PowerObjects — a leading North American provider of Microsoft Dynamics customer-relationship management (CRM). “This will bolster HCL’s global applications business, which offers transformational programs and complex application management for a myriad of clients’ technology landscapes,” HCL Technologies said.
Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony by the end of the fiscal year through March and pull out of the sensor business, the company said in a joint statement. Sony will take on the sensor business’ 1,100 workers, the two companies said. The deal was worth around 20 billion yen ($166.15 million), according to a company source familiar with the matter. The source requested anonymity because the companies did not disclose it publicly.
Times of India — MUMBAI: Reliance Communications, Aircel and Sistema (MTS) have begun initial talks for a three-way merger that could see the emergence of India’s third largest telco by subscribers. The first phase of the broader deal could see MTS merge into RCom through a share-swap arrangement, talks for which are at an advanced stage.
Times of India — NEW DELHI: HCL Technologies will buy Swedish commercial vehicles major Volvo Group’s external IT business for $138 million (around Rs 895 crore) in an all cash deal. Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed contract value for five years. The Volvo Group and HCL have signed a letter of intent, awaiting the signing of the final contract, Volvo Group said in a statement from Stockholm.
BEIJING: Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the startup said on Tuesday, as the US search giant tries to rebuild its presence in China. Mobvoi works on artificial intelligence (AI) voice-controlled software, like that used in Google’s Android products for mobile search, and also develops hardware like smart watches. Google’s parent company is now named Alphabet.
Telecom Asia — NTT Com said it has completed the acquisition of PT. Cyber CSF, the largest data center service provider in Indonesia. NTT Com has renamed the company “PT. NTT Indonesia Nexcenter” after completing the acquisition on October 6. The acquisition, announced in July, has enabled NTT Com to acquire 7,700 square meters of server rooms in a Tier III compliant data center located in the heart of Jakarta.
Tech in Asia — Alibaba today announced it has proposed to acquire China’s top video site company, Youku Tudou. It runs the Youku and Tudou sites, which combine user-generated content with licensed movies and TV series. Alibaba’s buy-out of Youku values the video site at about US$4.2 billion, according to earliest calculations. No official figure is provided by Alibaba today.
Tech in Asia — Singapore’s national and logistics company SingPost is waging a global campaign to conquer ecommerce, and it just added another notch on its belt. The Singaporean company announced today it has acquired US end-to-end ecommerce firm Trade Global. The news comes only days after SingPost announced the acquisition of a majority stake in another US company, logistics provider Jagged Peak.
Channel News Asia — SINGAPORE: SingPost will acquire a 96.3 per cent stake in US e-commerce provider TradeGlobal for US$168.6 million (S$236 million), in a move to expand its e-commerce footprint. TradeGlobal is a leading US e-commerce provider that offers services to fashion, beauty and lifestyle brands.
ZDNet — Asia-Pacific fibre infrastructure company Superloop has signed a contract to acquire small Brisbane-based internet service provider (ISP) APEXN just four months after listing on the Australian Securities Exchange (ASX). The deal will see Superloop provide AU$5.8 million in total to acquire the business, consisting of AU$3.8 million in cash and AU$2 million worth of scrip, with the deal to close on October 16.
Digi Times — Advanced Semiconductor Engineering (ASE) announced on September 22 it has purchased 25% shares of Siliconware Precision Industries (SPIL), achieving its acquisition goal. As of the expiration of the offer at 3:30 pm Taiwan time and 1:30 am New York City time on September 22, 2015, a total of 1,147,898,165 shares had been validly tendered, representing approximately 36.83% of the issued and outstanding share capital of SPIL, according to ASE.
IT News — Australia’s second largest broadband provider TPG boosted its net profit and revenue in the past financial year, according to its last set of financial results prior to acquiring rival internet service provider iiNet. TPG posted a net profit jump of 31 percent to $224.1 million in the fiscal year ending July 2015, and a revenue gain of $1.27 billion – also a 31 percent rise.