ZDNet — 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.
SCMP — 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.
Telecom 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.
Enterprise 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 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.
Times 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.
Times 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.
Digi 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%.
Telecom 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.
Digi 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.
Tech 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.
Pehub — 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.
Telecom 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.
Deal 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.
Korea 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.”
Times 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.
IT 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.
Times 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.
RTT 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.
Tech 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.
Tech 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.
Times 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.
Times 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.
IT 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.
Deal 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.
ZDNet — Foxconn Technology Group, otherwise known as Hon Hai Precision, has reportedly offered to purchase Japanese technology company Sharp for 600 billion yen. According to Bloomberg, Sharp is expected to respond to Foxconn’s offer before the end of January. However, a Sharp spokesperson told Bloomberg that the company does not have any comment to provide.
ZDNet — Telstra has signalled its continuing interest in expanding its cloud and managed network application services with the acquisition of Australian company Kloud. A Microsoft partner, Kloud provides professional and managed services to enterprises for more than 80 corporate and government customers across Australia and the Asia-Pacific region, as well as supplying solutions for productivity, identity, security, application development, and cloud infrastructure for enterprise cloud applications.
MIS Asia — Microsoft has acquired some technology assets from Australian company Event Zero to improve the management capabilities of its Skype for Business VoIP product. Terms of the deal, announced Wednesday, weren’t disclosed. According to a Microsoft blog post, Event Zero’s UC Commander technology will be used to add diagnostics and troubleshooting capabilities to the Skype for Business management console, so that administrators can better support their users.