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.
Digi Times — TOKYO: Taiwan’s Hon Hai Precision Industry offered to buy Sharp Corp’s struggling liquid panel display business and plans to seek funding from Apple Inc, the Nikkei business daily reported. The report did not specify how much Hon Hai, also known as Foxconn, was willing to pay for the loss-making operations, but said it would seek funding from Apple, a key Sharp customer.
Deal Street Asia — Silicon-valley based cloud services firm 8K Miles Software Services, a subsidiary of India’s 8K Miles Group, has acquired US-based IT and software services company NexAge Technologies (NexAge) for $3million in a cash and equity deal, the company announced on Friday. As part of the acquisition agreement, 8K Miles Software Services will acquire NexAge’s intellectual property, technical solutions, client contracts, and also the employees.
Jakarta Globe — Jakarta. Indonesian state-owned telecommunications provider Telkom says it aims to take 100 percent control of Guam-based GTA Teleguam, as part of its overseas network expansion. Telkom agreed in May to buy GTA Teleguam from the Japanese private equity firm Advantage Partners, but has since kept the details under wraps.
Digi Times — The acquisition of Richtek Technology by MediaTek will help the analog IC vendor to push sales of its power management (PWM) solutions to the smartphone and TV panel sectors, according to Digitimes Research. Richtek has been shifting its focus to production of PWM ICs for telecommunication and consumer applications instead of its previous emphasis on notebook and motherboard segments amid the declining global PC market.
ZDNet — Equinix has bought Tokyo-based Bit-isle for AU$397 million as part of plans to strengthen its position in the Japanese market. As part of the acquisition, Equinix will gain five datacentres in Tokyo and one in Osaka that is in close proximity to the existing Equinix International Business Exchange (IBX) datacentres in Japan.
China Tech News — AsiaInfo will acquire all of Trend Micro’s businesses in China, including over 100 core technologies and intellectual property rights. Meanwhile, AsiaInfo will establish an independent security technology company, which will integrate AsiaInfo’s existing communications security technologies with Trend Micro’s cloud and big data security technologies.
Digi Times — MediaTek has disclosed plans to acquire an up to 51% stake in Richtek Technology, and is ultimately looking to buy 100% of the fellow Taiwan-based fabless IC firm. MediaTek indicated a unit under the group will purchase 35-51% of Richtek’s total common share capital, based on 51.98-75.74 million common shares outstanding, on the open market. MediaTek will offer NT$195 (US$5.94) per common share of Richtek.
Computer Weekly — Equinix has hit the acquisition trail again, having agreed to buy Tokyo-based datacentre provider Bit-isle for $280m. The deal is expected to close in early 2016, and – if it goes through – would make Equinix Japan’s fourth largest datacentre operator, with 10 facilities in the country. Bit-isle was set up in the year 2000, and specialises in providing outsourced IT services. Since then, it has gone on to open six datacentres in Japan, and claims to have more than 650 customers.
Digital News Asia — MALAYSIAN online payment systems provider iPay88 Sdn Bhd, arguably one of the leaders in South-East Asia with a presence also in Indonesia, Singapore, Thailand, the Philippines and Vietnam, has seen its Malaysian operations acquired by Japan’s NTT Data Corp for an undisclosed amount.
IT News — Datacom has moved out of its long-held data centre in St Leonards and handed the lease to the former owner of Vocus-acquired data centre company E3 Networks. Vocus Communications bought E3’s Sydney and Melbourne data centre business for $5.9 million in late 2010. E3’s Brisbane facility – which later shifted to another in Milton – was the only data centre owned by E3 that Vocus decided not to purchase.
Times of India — NEW DELHI: Snapdeal has acquired Reduce Data, a Silicon Valley startup, for an undisclosed amount to strengthen its discovery platform as the e-commerce major competes head-on with giants like Flipkart and Amazon. The Mountain View-based company has a programmatic display advertising platform that leverages artificial intelligence, real-time data and other tools. Founded in 2012 by Asif Ali, the company has customers across the US, India and the UK.
IT News — ACCC chairman Rod Sims has defended his decision to approve TPG’s takeover of iiNet, but admitted it was not a “black and white” issue. In a speech delivered to the ACCAN national conference in Sydney today, Sims also revealed a major decision on backhaul pricing determination was just “days away”.
eWeek — Singtel has officially closed its acquisition of security vendor Trustwave. When the deal was first announced in April of this year, the value was estimated at $810 million, which was adjusted on closing to $770 million to account for working capital and other adjustments.With the deal closed, Trustwave’s reach now expands globally alongside Singtel’s operations.
IT News — M2 Group chief executive Geoff Horth is on the prowl for potential acquisitions in both the telco and energy markets in the wake of TPG’s approved takeover of iiNet. The deal, described as “bittersweet” by iiNet founder Michael Malone, will see Optus, Telstra and TPG/iiNet claim a combined total of around 80 percent of the Australian broadband retail market.
Forbes — Two years ago China’s Tsinghua Unigroup was nothing more than an obscure state-backed company peddling scanners and herbal medicine drinks. But a reported deal to buy U.S. chipmaker Micron Technologies for $23 billion has brought it into the spotlight. Tsinghua Unigroup, 51% owned by state-run Tsinghua Holdings, is still in talks with Micron, despite the steep national security concerns the deal faces.
Times of India — NEW DELHI: Country’s largest mobile operator Bharti Airtel has acquired wireless broadband firm Augere’s India operations, a move that will help the firm to augment its 4G presence in the country. The company did not disclose the deal value. With this acquisition, Bharti Airtel’s 4G services will now be available in over 300 cities and towns.
Digi Times — TOKYO: Japanese electronics maker Sharp has entered negotiations with Taiwan’s Hon Hai Precision Industry Co for a tie-up over Sharp’s struggling display business, the Asahi newspaper reported on Saturday. Investors and analysts have urged Sharp to overhaul its liquid crystal display (LCD) and consumer electronics divisions. Chief executive Kozo Takahashi initially resisted but last month said he was open to major restructuring, including some kind of strategic deal for its LCD business.