Deals

Mitsubishi to solicit investments for US fund

TOKYO -- Trading house Mitsubishi will partner with a U.S. private equity firm that specializes in infrastructure-related investment, aiming to attract a combined 10 billion yen ($97.5 million) from small-lot investors in Japan. Mitsubishi will s...

  • Development Bank of Japan to tie up with Thai conglomerate

    TOKYO -- The Development Bank of Japan and Thailand's Charoen Pokphand Group plan to pitch in equally to launch a 40 billion yen ($391 million) fund to help Japanese corporations make inroads into Asian markets. CP Group, which was founded by Chi...

  • Panasonic to sell mobile base station business to Nokia

    OSAKA -- Panasonic has apparently reached a basic agreement to sell its cellphone base station business to Finland's Nokia. The Japanese electronics maker, which has been streamlining, wants to further free itself to focus on growth fields. Among...

  • Forbes to sell majority stake to group of international investors

    NEW YORK (Dow Jones) -- The Forbes family is giving up control of the business magazine which bears its name, striking a deal to sell a majority stake in Forbes Media LLC to a Hong Kong investor group for more than $300 million, according to people f...

  • Temasek looks west as China investment cools

    SINGAPORE -- Slowing growth in its investment performance in emerging markets -- especially China -- is spurring Singaporean sovereign wealth fund Temasek Holdings to pump more money into the developed markets of North America and Europe, where it ho...

  • Fujitsu to wind down chip production

    TOKYO -- Fujitsu has decided to withdraw from semiconductor manufacturing and will sell two fabrication facilities over the next several years to Taiwanese and U.S. companies. The move is the latest in a series of realignments reshaping the Japan...

  • GE is seeking buyers for appliance unit, sources say

    NEW YORK (Dow Jones) -- After more than 100 years in American kitchens, General Electric Co. is trying to get out--again. GE executives have stepped up efforts to find a buyer for its appliance business, one of GE's final ties to American consume...

  • Orix to become top shareholder in South Korean logistics company

    TOKYO -- Orix will take a stake in Hyundai Logistics, acquiring more than 30% of the South Korean company's shares from the Hyundai group for around 12 billion yen ($116 million) in a deal to be announced Thursday. The Japanese leasing giant wil...

  • 3M to buy Sumitomo Electric Industries' 25% interest in Sumitomo 3M for $885M

    TOKYO (Dow Jones) -- 3M Co. said Wednesday that it will buy Sumitomo Electric Industries Ltd.'s 25% interest in Sumitomo 3M Ltd. for $885 million, making the Japanese chemical and adhesive tape producer a fully owned unit. "This investment allows...

  • Panasonic to unload staffing unit

    OSAKA -- Panasonic plans to sell this fiscal year a business that provides staffing solutions, part of efforts to jettison noncore enterprises as it shifts focus to housing- and automobile-related products. The Japanese electronics giant has alre...

  • Regulatory hurdles not deterring SoftBank's pursuit of T-Mobile

    TOKYO -- With Sprint slipping in competition in the U.S. mobile carrier market, achieving scale through a merger with T-Mobile US has become crucial for the No. 3 player. And this sense of urgency is driving parent SoftBank to go all-out for the deal...

  • SoftBank nearing deal for Sprint, T-Mobile merger

    TOKYO -- SoftBank has reached a basic agreement to acquire T-Mobile US from German parent Deutsche Telecom, paving the way for a merger between the fourth-ranked U.S. mobile carrier and rival Sprint. The two sides are still ironing out the detail...

  • Sharp in talks with Apple to regain panel facilities in Kameyama

    OSAKA -- Sharp is looking to buy smartphone panel production equipment at one of its Kameyama plants in Mie Prefecture from Apple in a bid to diversify its customer base. The Japanese company has proposed 30 billion yen ($293 million) or so for t...

  • Japanese fund to target up-and-coming Asian businesses

    HANOI -- Tokyo-based Dream Incubator and Japanese financial services group Orix will set up a 10 billion yen ($97.6 million) fund to invest in promising Southeast Asian and Indian companies. The partners will each contribute 2 billion yen and rai...

  • Toyota Supra, BMW Z4 sports cars to share platform

    FRANKFURT, Germany -- Toyota Motor and BMW will develop a common platform for two sports car models that will become the first products to come out of a comprehensive tie-up the two inked in January 2013. The automakers will use the same platform...

  • Canon allies with Google, SAP against patent trolls

    TOKYO -- Canon, Google, SAP and three U.S. startups have joined forces in a patent-licensing network to defend against rent-seeking infringement lawsuits. Headquartered in the U.S. state of Massachusetts, it is the first corporate alliance formed ...

  • Mitsubishi taking stake in Mideast water company

    TOKYO -- Mitsubishi Corp. and Mitsubishi Heavy Industries will join forces with the Japan Bank for International Cooperation to buy into Middle Eastern water management service provider Metito, aiming to build on its strong position in emerging marke...

  • Itochu to obtain controlling interest in FamilyMart

    TOKYO -- Japanese trading house Itochu announced Friday that it will increase its stake in convenience store chain FamilyMart from 31.7% to 37%, gaining veto power for key business decisions at shareholders meetings. The trading company will acqu...

  • Sankyu plans logistics venture with Chinese textile company

    TOKYO -- Japanese logistics company Sankyu will launch a joint venture in China's Shandong Province with Chinese textile producer Qingdao Jifa Group in early August. The 50-50 venture will be capitalized at some 200 million yen ($1.94 million). I...

  • AirAsia returning to Japan -- this time with aircraft-loving corporate partners

    TOKYO -- Malaysia's AirAsia, the top budget airline in Asia, announced Tuesday that it has established AirAsia Japan to re-enter the Japanese market. Four Japanese companies, including e-tailer Rakuten, cosmetics maker Noevir Holdings and sportin...