Deals

Vietnam's Vinaphone deepens partnership with Vodaphone

HANOI -- Vinaphone, Vietnam's third-largest mobile network operator, has formed a strategic partnership with the U.K.'s Vodaphone Group. The two already cooperate within the context of the Conexus Mobile Alliance, but now they will strengthen the...

  • LG Chem looks to supply batteries for Nissan's electric cars

    SEOUL -- LG Chem is hoping to clinch a contract to supply next-generation batteries to Nissan Motor, the world's largest manufacturer of electric vehicles. The South Korean chemical giant already has contracts to supply batteries to over 20 autom...

  • JFE Steel exits Vietnamese mill project

    TOKYO -- JFE Steel announced Tuesday that it is pulling out of plans to build an integrated steel mill in Vietnam after determining that the project would not be profitable. The Japanese steelmaker joined the Vietnam steel works project of Taiwan...

  • Pioneer to sell DJ equipment business to KKR for Y60B

    TOKYO -- Pioneer will sell its DJ equipment business to U.S. investment fund Kohlberg Kravis Roberts in a deal valued at just under 60 billion yen ($554 million), sources familiar with the matter said Tuesday. Equipment such as mixers is used by ...

  • MediaTek teams up with Google on Android One platform

    TAIPEI -- Taiwanese fabless chipmaker MediaTek is partnering with U.S. tech giant Google to develop the Android One platform for use in midtier smartphones aimed at consumers in emerging markets. The move comes as smartphone makers are shifting t...

  • Ajinomoto heats up its frozen food business with Windsor deal

    TOKYO -- Ajinomoto aims to whip up more business in the U.S. by acquiring Windsor Quality Holdings, a leading frozen food company based in Texas. The Japanese seasonings maker, which announced the roughly $800 million deal Wednesday, intends ...

  • Citibank Japan seen attracting 6 suitors for retail ops

    TOKYO -- Six large Japanese banks are expected to participate in the first round of bidding for Citibank Japan's retail banking business Friday, drawn to the company's strength in foreign-currency deposits. The megabank trio of Bank of Tokyo-Mits...

  • Mitsubishi to join development of major Ivory Coast oil field

    TOKYO -- Mitsubishi Corp. plans to begin large-scale crude oil production in Ivory Coast in 2019, aiming to provide another source for fuel-hungry Japan to lessen the nation's dependence on the Middle East. The trading house has agreed to take a ...

  • Electrolux after more than light bulbs with GE unit deal

    NEW YORK/LONDON -- Sweden's Electrolux will acquire General Electric's appliance business for around $3.3 billion. If anything, this move shows the high reputation GE has in terms of brand power, sales networks and technological prowess. GE has b...

  • Ajinomoto to buy big U.S. frozen foodmaker

    TOKYO -- Ajinomoto will buy a U.S. frozen food company in what will be the Japanese foodmaker's biggest foreign acquisition, sources said Wednesday. Ajinomoto will acquire Windsor Quality Holdings, based in the state of Texas, for about 84 billio...

  • Rakuten shoring up weak foreign business with Ebates buy

    TOKYO -- Japanese e-commerce company Rakuten's acquisition of U.S. shopping service provider Ebates is aimed at strengthening its foothold overseas, where growth has lagged compared with its striking success in Japan. Rakuten announced Tuesday th...

  • Independent Japanese data center operators form alliance

    TOKYO -- A group of small, independent data center operators have allied in a council to provide customers with highly reliable services and compete against data center giants expanding operations nationwide. Officially set up Monday, the group b...

  • Mitsubishi wins Qatar order for communications satellite

    TOKYO -- Mitsubishi Electric said Monday that it has received an order for a communications satellite from Qatar's state-owned satellite operator. This represents the first satellite order from a Middle Eastern customer to a Japanese company. It ...

  • Itochu to buy half of Brazilian soy company

    TOKYO -- Itochu will take a 50% stake in Brazilian grain company Naturalle, which will seek to quadruple its annual collection of soybeans through its tie-up with the Japanese trading house. Naturalle breeds soybeans, sells their seeds to growers...

  • Japan's Taiheiyo Cement ends venture with Chinese peer

    TOKYO -- Taiheiyo Cement has dissolved a Chinese joint venture agreement with a company in Xinjiang in response to government efforts to reduce excess capacity in the sector, the company announced Monday. Taiheiyo Cement (China) Investment, the C...

  • San Miguel sells back its interest in Philippine Airlines

    MANILA -- Diversified conglomerate San Miguel has agreed to sell back its 49% stake in Philippine Airlines to the group led by local tycoon Lucio Tan that owns the majority. In a mobile text message on Monday night, San Miguel President Ramon Ang...

  • Aeon to acquire mid-sized Kyushu supermarket chain Red Cabbage

    TOKYO -- Major Japanese retailer Aeon looks set to acquire a mid-sized supermarket chain in northern Kyushu in an apparent bid to expand Aeon's store network and product procurement. Red Cabbage, based in Yamaguchi Prefecture, operates about 40 s...

  • Panasonic, Bosch prep for reciprocal supply of white goods

    BERLIN -- Panasonic has begun setting the stage for the reciprocal supply of white goods with German autoparts and appliance giant Bosch. The Japanese company already builds components for such products as microwave ovens sold by Bosch, but start...

  • Rakuten to buy American rebate site operator

    TOKYO -- Japanese e-commerce giant Rakuten is finalizing a deal to buy Ebates, a U.S. cash-back shopping service provider, for an estimated price tag of more than 100 billion yen ($938 million). Rakuten is expected to acquire a majority stake in ...

  • Sumitomo Mitsui to boost stake in Bank of East Asia

    TOKYO -- Sumitomo Mitsui Banking announced Friday a basic agreement to lift its stake in Bank of East Asia, aiming to use the Hong Kong bank to help ramp up expansion in China. The Japanese bank will purchase the equivalent of roughly 100 billion...