Deals

Imax to up China screen count on investment from local funds

NEW YORK -- Canadian big-screen movie theater operator Imax will sell a stake in its Chinese subsidiary to two local investments funds to pave the way for further expansion in China. Imax hopes the deal will allow the subsidiary to procure funds on i...

  • Fujitsu, Panasonic to merge chip design operations this fall

    TOKYO -- Fujitsu and Panasonic have agreed to establish a new company as soon as this fall to unify their design and development operations for systems chips. In February of last year, the two Japanese companies announced plans to merge these ope...

  • Chinese buying Israeli firms, seeking new tech

    DALIAN, China -- Chinese companies are taking over Israeli companies to benefit from their technologies, following in the footsteps of Intel and Microsoft of the U.S., which have in the past bought up Israeli startups to acquire ideas for new busines...

  • Thai plastic resin maker Indorama buys Turkish peer

    BANGKOK -- Thailand's Indorama Ventures, the world's leading maker of the resin used in plastic bottles, is buying its way into Turkey. Indorama, the top producer of polyethylene terephthalate resin, or PET, announced Thursday that it is acquirin...

  • Sumitomo joins Spain's Cepsa in Chinese phenol venture

    TOKYO -- Japanese trading house Sumitomo and Spain's Cepsa group are partnering on what will be one of China's biggest factories for phenol, a raw material for high-grade plastics used in cars and electronics. Work is already underway on the plan...

  • Aeon buys Sony e-money subsidiary

    TOKYO -- To help broaden the use of its Waon e-money, Aeon has acquired a Sony subsidiary that provides auxiliary services. The retailing giant acquired FeliCa Pocket Marketing at the end of March, reportedly paying several hundred million yen fo...

  • Asahi to purchase Malaysia's Etika Dairies

    TOKYO -- Having taken over soft-drink manufacturers in Southeast Asia, Asahi Group Holdings will move into a new field by acquiring Malaysia's Etika Dairies by June. The Japanese company plans to turn Malaysia's second-ranked dairy company into a...

  • Norway's Statoil, Hitachi Zosen eye floating wind farm for Japan

    TOKYO -- Norwegian state-run company Statoil will partner with Hitachi Zosen to build a floating offshore wind farm in Japanese waters, with plans to begin construction as early as next year. The duo agreed Tuesday to establish the operations. Th...

  • Japanese funds becoming restructuring partners of choice

    TOKYO -- Japanese investment funds are becoming more involved in corporate restructurings as troubled Japanese companies opt to turn to these funds rather than major U.S. and European funds. Japan Industrial Partners is helping lead this shift. O...

  • Daiichi Sankyo to end 6-year Ranbaxy debacle with sale

    TOKYO -- Daiichi Sankyo will finally put an end to its six years with Indian subsidiary Ranbaxy Laboratories after quality-control issues turned the purchase into a major liability for the Japanese pharmaceutical company. Ranbaxy, which was purch...

  • Wuxi Suntech plants to resume solar cell output under new owner

    SHANGHAI -- Shunfeng Photovoltaic International will restart operations by midyear at two domestic plants of Wuxi Suntech Power, a company it is acquiring. The plants will supply cells and modules to solar power generation plants operated by Shun...

  • Daiichi Sankyo to hold 9% stake in Sun Pharma after Ranbaxy deal

    TOKYO (Dow Jones) -- Japan's Daiichi Sankyo said Monday it will hold about a 9% stake in India's Sun Pharmaceuticals Industries after transferring its entire stake in subsidiary Ranbaxy Laboratories to Sun Pharma. Daiichi Sankyo said it had reac...

  • Toray buys Eliiy Power stake to jolt storage battery business

    TOKYO -- Japanese synthetic fiber maker Toray Industries has taken a 7.29% stake in lithium-ion battery maker Eliiy Power, aiming to boost sales of its carbon fiber products and to develop storage batteries with its new partner. Toray paid about ...

  • Philippine Long Distance Telephone buys into another newspaper

    MANILA -- Philippine Long Distance Telephone is taking over another newspaper as part of its ongoing transformation into a multimedia company. "We confirm that Hastings Holdings, Inc., a 100% subsidiary of Mediaquest Holdings, Inc., which in tur...

  • Asian and European companies bought US companies at near-record values last quarter

    NEW YORK -- The first quarter of 2014 saw the highest level of purchases of U.S. companies by Asian and European businesses since 2007. For the January-March period of this year, acquisitions of U.S. companies by non-U.S. businesses totaled $75.2...

  • Alibaba's Ma to buy financial software company

    SHANGHAI -- Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding, will acquire financial software concern Hundsun Technologies for 3.29 billion yuan ($529 million) through an information technology services company he owns. Zhejian...

  • IHI wins order for LNG terminal in Thailand

    TOKYO -- Japanese heavy machinery maker IHI has clinched an order for a receiving terminal for liquefied natural gas in Thailand through a consortium with compatriot Marubeni and South Korea's Posco Engineering & Construction. Estimated to be wor...

  • Novatek to benefit from Apple-Renesas deal: Barclays

    SINGAPORE (Dow Jones) -- Novatek Microelectronics will stand to benefit if the rumored deal between Apple Inc. and Renesas Electronics is true, says Barclays. Nikkei reported today that Apple is in talks to buy a stake in Renesas SP Drivers, a Renes...

  • Apple's chip deals: in brains we trust

    SILICON VALLEY -- Apple is unlikely to stop at purchasing a Japanese display-chip maker as it seeks to challenge the powerful combination of Qualcomm processors and Google's Android operating system. Better known for how its devices look, Apple i...

  • Apple looking to buy Japanese chipmaker

    SILICON VALLEY -- Apple is in talks with Japan's Renesas Electronics to take over a unit that designs chips for smartphone displays, whose engineering may help it improve image sharpness and battery life. With its share of the smartphone market slipp...