Telstra acquires Readify for cloud, big data, IoT software

AustraliaZDNet — Telstra has announced the acquisition of Readify, a developer of Microsoft software applications, saying it will bolster the telecommunications provider’s cloud offerings. The Readify acquisition augments Telstra’s purchase of Kloud in January, according to Telstra’s executive director of Global Enterprise and Services Michelle Bendschneider, as well as its earlier acquisitions of O2 Networks, Bridgepoint Communications, and NSC.

Microsoft acquires LinkedIn: The Cortana Connection

APACNetworks Asia — If you think of LinkedIn as a social network or an online recruitment service, then you may well be scratching your head about why Microsoft would spend more on it than it has on any other acquisition. But consider that Microsoft has a graph that covers how you’re connected to people by email, documents, messages, meetings and address books, while LinkedIn has a graph that covers jobs, skills, colleagues, and professional connections.

Samsung Agrees to Buy Joyent to Expand Cloud Computing Services

KoreaBloomberg — Samsung Electronics Co. will acquire Joyent Inc. to expand in cloud computing as the world’s largest smartphone maker looks beyond hardware for revenue growth. The deal will help Samsung build its cloud infrastructure, the Galaxy maker said in a statement without disclosing a purchase price. The acquisition gives the Suwon, South Korea-based company its own platform to support mobile, internet of things and cloud services.

Foxconn to obtain 66.67% stake in Canada-based Smart Technologies

TaiwanDigi Times — Foxconn Electronics (Hon Hai Precision Industry) on May 26 announced that its Singapore-based subsidiary Foxconn Singapore Pte. and strategic investors will jointly acquire a 100% stake in Smart Technologies, a Canada-based developer of smart interactive display solutions for educational and business use, at US$4.50 per share. Foxconn Singapore will hold a 66.67% stake.

The approximately $16 billion transaction sees SanDisk become a product line within Western Digital. #cloud #asia #sandisk #westerndigital

APACZDNet — The acquisition of SanDisk by Western Digital closed on Thursday, US time, with the combined company set to have around 74,000 employees, and the “integration process” to begin immediately and happen in phases over the next two years.

Australia’s Telstra to sell major stake in China’s Autohome to Ping An Insurance for US$1.6b

AustraliaSCMP — Telstra Corp, Australia’s largest telecommunications company, has agreed to sell most of its stake in Autohome, China’s leading online car retail website operator, to Ping An Insurance for US$1.6 billion. The deal announced on Friday has Ping An acquiring 47.7 per cent of the total issued shares in New York-traded Autohome, while Telstra retains a 6.5 per cent interest in the online business that it has owned since 2008.

Axiata Group buys Nepal’s Ncell for $1.36b

NepalTelecom Asia — Malaysia-based Axiata Group has entered the Nepal telecoms market with the acquisition of the nation’s largest mobile operator Ncell. Axiata has paid $1.36 billion for an effective 80% stake in Ncell from previous owners TeliaSonera UTA Holdings and Reynolds Holdings’ SEA Telecom Investments. Local partner Sunivera Capital Ventures will retain a 20% direct stake in Ncell, as required under Nepalese law.

Alibaba Group to acquire controlling stake in Lazada

PhilippinesEnterprise Innovation — Alibaba Group will acquire a controlling stake in Southeast Asia’s leading e-commerce platform Lazada, following a total investment of approximately $1 billion. In a media release, Alibaba said the transaction consists of an investment of approximately $500 million in newly issued equity capital of Lazada, as well as the acquisition of new shares from certain shareholders.

Foxconn Group to invest JPY388.812 billion in Sharp

TaiwanFoxconn Electronics, its Cayman Islands-registered subsidiary Foxconn (Far East), Singapore-based Foxconn Technology Pte. and SIO International Holdings will together acquire 3.282 billion new common shares to be issued by Sharp to expand paid-in capital at JPY88 per share and a total price of JPY388.812 billion (US$3.42 billion) for a combined stake of 66.00%, according to Foxconn Electronics.

Dell planning to sell IT services unit to Japan’s NTT Data: Sources

JapanTimes of India — Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan’s NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of data storage provider EMC Corp, a deal worth close to $60 billion.

Sharp, Foxconn to sign deal next week: Sources

JapanTimes of India — TOKYO: Sharp and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday. The two companies will hold board meetings on Wednesday to approve the deal and officially sign a deal the following day, said the two sources with direct knowledge of the talks.

Foxconn says negotiations with Sharp continue

TaiwanDigi Times — Foxconn Electronics (Hon Hai Precision Industry) has issued a company filing with the Taiwan Stock Exchange (TSE) saying its negotiations with Sharp over a takeover deal continue, in response to various media reports indicating the company is seeking to reduce the price it would pay for Sharp by up to 20%.

iiNet purchase helps TPG boost 1H16 profit by 90%

AustraliaTelecom Asia — Australian fixed-line operator TPG Telecom has reported a 90% surge in net profit for the half year ended in January, thanks largely to gains associated with its acquisition of rival iiNet. Profit for the period grew to A$202.4 million ($153.2 million). TPG’s bottom line was lifted by a A$73.1 million gain on the group’s previously held stake in iiNet, as well as an A$9.7 million profit from a disposal on part of its stake in fiber network operator Vocus Communications.

Negotiations continue on Foxconn Sharp deal

TaiwanDigi Times — Foxconn Electronics is undertaking its due diligence at Sharp’s factories for a planned bailout for Sharp and both sides may sign the deal this week, according to Japan-based Nikkan Kogyo. However, other media outlets are reporting that Foxconn is looking for additional support from Sharp’s creditors.

Indonesian virtual assistant YesBoss acquires Philippine startup

IndonesiaTech in Asia — Indonesian virtual assistant service YesBoss announced today that it has acquired HeyKuya, a Philippines-based startup, for an undisclosed amount. With this move, YesBoss has started regional expansion. HeyKuya is also a virtual personal assistant. Started in October last year, out of the Philippine company builder Machine Ventures. it’s run by a team of ten.

Carlyle to buy Japananese software company WingArc1st

JapanPehub — The Carlyle Group agreed to buy a 100 percent stake in Tokyo-based WingArc1st, a provider of enterprise output management software and business intelligence software, from WingArc1st’s president and chief executive Hiroyuki Uchino and OPI2002 Investment Fund, a subsidiary of Japanese financial services group ORIX Corp. The equity for the transaction will come from Carlyle Japan Partners III LP. Financial terms of the deal were not disclosed.

RCom shareholders approve merger with SSTL

IndiaTelecom Asia — Shareholders in India’s Reliance Communications have approved a proposed acquisition of Sistema Shyam Teleservices (SSTL). The company announced  in a stock exchange filing that investors attending a shareholder meeting nearly unanimously voted in favor of the proposed transaction.

Alibaba, finance co to buy majority in AGTech for $308m, move seen to boost China lottery biz

China.gifDeal Street Asia — Alibaba Group Holding Ltd. and its main financial affiliate will spend HK$2.39 billion ($308 million) buying control of Hong Kong-listed AGTech Holdings Ltd. to boost its lottery business in China. Ali Fortune Investment Holding Ltd., a company majority-owned by China’s largest online retailer, agreed to buy HK$1.68 billion of shares and HK$712.6 million of convertible bonds in AGTech. It will own about 59.45 per cent of the company upon full conversion, according to a filing Sunday to the Hong Kong stock exchange.

Alibaba, finance co to buy majority in AGTech for $308m, move seen to boost China lottery biz

Cisco approaches Samsung for acquisition

KoreaKorea Times — BARCELONA, Spain ― Cisco Systems, the U.S.-based networking giant, has approached Samsung Electronics to acquire the latter’s network business division, a person familiar with the matter told The Korea Times. “Despite repeated denials by the two companies about the issue, Cisco is still interested in purchasing Samsung’s network business division,” the official said on the sidelines of this year’s Mobile World Congress (MWC), Thursday (KST). “Samsung was contacted several times by Cisco.”

Foxconn, Sharp extend takeover talks deadline: Source

JapanTimes of India — KYO/TAIPEI: Sharp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify “new material information.” Sharp, a loss-making Japanese display maker, announced on Thursday it had decided to sell a two-thirds stake to Foxconn, in a deal worth an estimated $5.8 billion.

Foxconn delays Sharp takeover after finding “liabilities”

JapanIT News — Foxconn has put its takeover of Sharp on hold after discovering previously undisclosed liabilities, sources said, throwing the acquisition in doubt and sending shares of the Japanese electronics maker tumbling. Loss-making Sharp yesterday announced it had agreed to be bought by Foxconn, a contract manufacturing firm formally known as Hon Hai Precision Industry Co and major Apple supplier.

Google acquires Singapore start-up Pie

SingaporeMarketing-Interactive — Pie, a Singapore-based business messaging start-up, has been acquired by internet giants Google. Caesar Sengupta, vice president, Next Billion Users Team at Google confirmed the acquisition on Google’s Asia Pacific blog and said it is looking to hire more engineers. He added that this is part of Google building a new engineering team in Singapore – to get closer to the next billion users coming online from emerging markets.

Japan fund makes late move to thwart Hon Hai in Sharp battle: Sources

JapanTimes of India — TOKYO: A Japanese state fund is making a final effort to secure a takeover of Sharp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan’s Foxconn, criticising the composition of the company’s board, sources said. Innovation Network Corporation of Japan (INCJ) officials are taking issue with two of Sharp’s board members who they believe have a conflict of interest as they represent a fund that holds preferred shares in the electronics company, according to the sources familiar with the fund’s complaint.

NTT Com: Atlas IT To Be Transferred, To Change Name To NTT Com Managed Services

JapanRTT News Com – NTT Communications Corp., the ICT solutions and international communications business arm of telecom company NTT (NTT) announced Monday that 100% of Atlas IT S.A. shareholding will be transferred to NTT Com on April 1. Atlas IT will change its name to NTT Com Managed Services, a wholly owned subsidiary of NTT Com.

Baidu, iQiyi CEOs offer to buy out Baidu’s iQiyi stake

ChinaTech in Asia — Well, here’s a strange one: on Friday, Baidu said that it has received a nonbinding proposal to acquire its majority stake in video streaming site iQiyi. The guys who want to buy it up? Baidu’s own CEO Robin Li and iQiyi CEO Gong Yu.

Who are the Chinese tech companies that just bought Opera?

ChinaTech in Asia — Fans of the popular mobile and PC browser Opera learned this week that the rumors were true: Opera has been sold to a consortium of Chinese tech companies. In the end, the Norwegian firm went for US$1.2 billion, and technically its acquirer is the Golden Brick Silk Road (Shenzhen) Equity Investment Fund II LLP. But if you find that name a bit of a mouthful you can dispense with it; Golden Brick is just an investment front. The big Chinese tech companies behind it are Qihoo 360 and Kunlun.

NTT Data might soon acquire Dell’s Perot Systems: sources

JapanTimes of India — Japan’s NTT Data Corporation is in exclusive negotiations to acquire Perot Systems, the information technology consulting division of Dell Inc, although differences over price persist, according to sources familiar with the matter. The deal would be NTT Data’s most significant overseas acquisition as it seeks to expand in the United States and boost its offering in so-called knowledge process outsourcing, which has become popular with businesses looking to cut costs.

Chinese firms offer 1.23 billion to Norway’s Opera

China.gifTimes of India — OSLO: A group of Chinese firms have made a cash offer for Norwegian mobile phone internet browser and advertising company Opera Software, valuing the 20-year-old company at 10.5 billion crowns, or $1.23 billion, the firm said on Wednesday. The buyers, which include New-York listed Qihoo 360 and Shenzen-listed Beijing Kunlun Tech, made an offer of 71 Norwegian crowns ($8.29) per share, a 45.6% premium on the share price on Friday.

Foxconn to invest $8bn in Sharp

JapanIT News — Taiwan’s Foxconn is aiming to finalise a deal to acquire Japan’s Sharp by the end of the month, after the two firms reached a consesus on most points. Foxconn, known formally as Hon Hai Precision Industry, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Foxconn CEO Terry Gou said after meeting with executives of the struggling electronics maker over the weekend.

India: Cloud4C plans to sell 25% stake to private equity funds for $20m

IndiaDeal Street Asia — Cloud4C, promoted by Tier-4 datacentre services provider CtrlS, is looking to sell 25 per cent stake to private equity funds for about $20 million to fund future expansion, as per a report in The Economic Times. The company plans to set up up public cloud infrastructure for critical applications in 17 countries in South East Asia, West Asia, Africa and Australia by the year-end. It has already invested around $40 million on technology architecture and human resources so far.

India: Cloud4C plans to sell 25% stake to private equity funds for $20m