Deals

Yamato joining with Siam Cement on Thai delivery service

TOKYO -- Yamato Holdings will offer home delivery services for individual consumers in Thailand starting in January through a joint venture with Thai conglomerate Siam Cement Group. Demand for personal delivery service is rising as e-commerce expands...

  • LG Electronics' new production line soon to ship GM parts

    SEOUL -- LG Electronics has completed a new production line dedicated to electric-vehicle components for General Motors and will soon begin shipping the parts, a turning point that will likely make the South Korean company's fledgling automotive oper...

  • China's state construction giants to merge

    SHANGHAI (Reuters) -- China National Building Materials Group Corp (CNBM) will take over smaller rival China National Materials Corp (Sinoma), after an agreement between the two companies was approved by the government, the country's state assets reg...

  • Nintendo reaps 10-fold return selling Mariners stake

    OSAKA -- After 24 years, Nintendo has sold most of its majority stake in the Seattle Mariners, making back nearly 10-times what it put in. But the video game company earned much more than money from its partnership with the baseball club.

  • Chinese investors buy ad tech startup Media.net for $900 m

    Advertising technology startup Media.net, founded by tech entrepreneur Divyank Turakhia, said on Monday it had been acquired for about $900 million by a group of Chinese investors.The deal would represent the third-largest in the ad tech industry, af...

  • SoftBank to tap $23.6bn dividend payment from Chinese unit

    TOKYO -- SoftBank Group announced Monday that a Chinese subsidiary that sold shareholdings in Alibaba Group Holding would pay the parent some 2.37 trillion yen ($23.6 billion) in dividends.SB China Holdings sold shares in the Chinese online retail gi...

  • Tencent becomes top shareholder of e-retailer JD.com

    GUANGZHOU, China -- Tencent Holdings, China's largest internet and social media company, has emerged as the leading shareholder of the country's second-ranked online retailer, JD.com.Tencent currently owns a 21.25% share, surpassing the 16.2% stake o...

  • Nintendo closes sale of US ballclub

    OSAKA -- Nintendo has finally unloaded most of its majority stake in the operator of the Seattle Mariners professional baseball team.The Japanese video game giant revealed in April that it had begun negotiations to sell all but 10% of its interest in...

  • Sony to help smarten up 20m homes powered by Tepco

    TOKYO -- Sony and Tokyo Electric Power Co. Holdings will join hands to offer an all-in-one smart home service enabling households to track and control appliances' power usage, as well as monitor seniors and children in the house.The service, based on...

  • Dai-ichi Life to acquire US auto asset-protection company

    TOKYO -- Dai-ichi Life Insurance announced plans Monday to acquire United States Warranty Corp. through Dai-Ichi's American subsidiary. The deal involves a purchase of all shares, totaling $127 million, and is expected to conclude as early as this ye...

  • US watchdog clears ChemChina's takeover of Syngenta

    ZURICH (Reuters) -- A U.S. national security panel has cleared ChemChina's $43 billion takeover of Swiss pesticides and seeds group Syngenta, the companies said, boosting chances that the largest foreign acquisition ever by a Chinese company will go ...

  • Exclusive

    Japan's Renesas in talks to buy US chipmaker Intersil for $3bn

    TOKYO -- Renesas Electronics is wrapping up negotiations to acquire Intersil, an American chipmaker, as the Japanese company aims to regain its dominance in automotive chips.

  • A/C maker Gree hops on electric-car bandwagon with deal

    GUANGZHOU -- Gree Electric Appliances of Zhuhai will acquire a manufacturer of electric vehicles and lithium-ion batteries in a 13 billion yuan ($1.95 billion) stock swap.With the purchase of Zhuhai Yinlong New Energy, announced Friday, China's large...

  • Takeover speculation driving up bank stocks in greater China

    HONG KONG -- Real estate giant China Vanke's battle with shareholders has drawn much attention recently. But many other similar cases appear to be unfolding. Such disputes push up the shares of targeted companies because of expectations of high takeo...

  • GE, Hitachi to unload Canadian nuclear venture

    TOKYO -- General Electric and Hitachi said Thursday they will sell a Canada-based nuclear power venture, effectively bowing out of heavy-water reactors to focus on more popular light-water types.GE Hitachi Nuclear Energy Canada will be sold to BWXT C...

  • Isetan Mitsukoshi plans commercial complex in Philippines

    TOKYO -- Japanese department store operator Isetan Mitsukoshi will work with Nomura Real Estate to develop four 40-story condo buildings together with a department store in a Manila suburb.

  • Toshiba Medical joins fray to buy Takeda chemical unit

    TOKYO -- Toshiba Medical Systems has made an offer to acquire a Takeda Pharmaceutical subsidiary, setting the stage for a bidding war with its two main rival medical equipment manufacturers.Fujifilm Holdings and the Hitachi group also participated in...

  • Uny to sell kimono retail unit ahead of FamilyMart merger

    NAGOYA -- Uny Group Holdings will unload its 54% stake in kimono specialty retailer Sagami to an investment fund as part of streamlining efforts ahead of its planned merger with FamilyMart.In a tender offer that will run from Thursday through Oct. 11...

  • Japan's Tepco, Chubu Electric eye move into coal trading

    NAGOYA -- Tokyo Electric Power Co. Holdings and Chubu Electric Power are looking to acquire Electricite de France's coal-trading business, seeking a new source of income as well as cheaper fuel for Japanese power plants.Jera, a fuel and electricity j...

  • Chinese-owned Peru copper mine starts commercial operations amid headwinds

    HONG KONG -- The largest overseas mining acquisition ever made by the Chinese, the Las Bambas project in Peru, has started commercial operations. The world-class copper mine, owned and run by Hong Kong-listed MMG, comes on stream as the company repor...