Deals

Verizon buys Yahoo for $4.83bln, marking end of an era

SAN FRANCISCO (AP) -- Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet.The sale announced Monday marks the second time in two years that Verizon has snapped up the remains of a fallen i...

  • Verizon to announce $5 billion deal to buy Yahoo Monday: source

    Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter.The announcement will come before the start of New York trading hours, the source added.The deal wil...

  • Japan, China face round 2 in high-speed rail battle

    TOKYO/SINGAPORE -- Japan and China are locking horns over a high-speed rail link slated to connect Singapore and Malaysia in 2026, after Beijing beat out Japanese competition for a similar contract in Indonesia last year."The shinkansen bullet train ...

  • Grab teams up with Lippo Group on new mobile wallet

    SINGAPORE -- Grab, Southeast Asia's leading ride-hailing app, is partnering with Indonesian conglomerate Lippo Group to start a mobile payment platform in the country to tap into the growing number of mobile cashless payments.Customers will be able t...

  • Papua New Guinea prime minister survives no-confidence vote

    SYDNEY (Reuters) -- Papua New Guinea Prime Minister Peter O'Neill survived a no-confidence vote on Friday, EMTV reported, an outcome unlikely to end upheaval in a country developing lucrative projects with energy majors ExxonMobil Corp and French gia...

  • Exxon snaps up InterOil in LNG push as Oil Search bows out

    ExxonMobil Corp said on Thursday it would buy InterOil Corp for more than $2.5 billion in stock, adding a gas field to expand exports from Papua New Guinea and better positioning it to meet Asian demand for liquified natural gas.Oil majors are target...

  • Mitsui O.S.K. plans world's biggest offshore LNG terminal

    TOKYO -- Japanese shipping company Mitsui O.S.K. Lines will begin operating an offshore liquefied natural gas receiving and storage unit in Uruguayan waters in 2018, seeking to develop a steadier source of revenue than its mainstay shipping business....

  • Fujifilm to bid for Takeda's research reagents unit

    TOKYO -- Seeking to bolster its drug development business, Fujifilm Holdings is set to make an offer for a laboratory chemicals unit of Takeda Pharmaceutical.Takeda is expected to put Wako Pure Chemical Industries on the chopping block as early as Au...

  • Komatsu to buy U.S. mining equipment rival Joy Global in $3.7 bln deal

    TOKYO (Reuters) -- Japanese mining equipment maker Komatsu Ltd has agreed to buy its smaller U.S. rival Joy Global Inc for about $3.7 billion including debt, its biggest-ever acquisition, to boost its clout in the mining industry.Komatsu said on Thur...

  • J.League broadcast deal shows rise of mobile audiences

    TOKYO -- The Japan Professional Football League's decadelong contract with one of the world's biggest distributors of streaming video reflects the shift in sports viewership from the television to the smartphone, a device arguably better for showcasi...

  • Midea raises Kuka stake to 85% via tender offer

    GUANGZHOU, China -- Midea Group has successfully increased its interest in German robot builder Kuka to 85.69% via a tender offer, the Chinese appliance giant said Wednesday.The offer period lasted about a month and ended last Friday. The company had...

  • SoftBank's Son sees ARM as key to 'connected society'

    TOKYO -- SoftBank Group is acquiring British chip designer ARM Holdings as part of a pivot toward the "internet of things," aiming to gain advances that will be fundamental to the coming technological shift, Chairman Masayoshi Son told The Nikkei."So...

  • ARM reaps benefits of quiet mobile monopoly

    TOKYO -- ARM Holdings has carved out a crucial niche far from the smartphone industry's front lines with energy-efficient chip designs that have become a de facto standard, logging profit margins that have made investors sit up and take notice.Based ...

  • Santen Pharma bets on eye implant with US acquisition

    OSAKA -- Seeking to make headway into medical hardware, Santen Pharmaceutical will buy a U.S. startup developing an implant for the treatment of glaucoma.The Japanese drugmaker said Tuesday that it will pay $225 million for privately held InnFocus. A...

  • ARM deal signals SoftBank's post-smartphone ambitions

    TOKYO -- SoftBank Group's bold wager on British chip designer ARM Holdings resulted from careful planning by Chairman Masayoshi Son, who is plotting a new course for the Japanese company in response to a maturing smartphone market.

  • Interview

    'No substitute' for ARM, SoftBank chief Son says

    TOKYO -- No other company offers what ARM Holdings does, SoftBank Group Chairman Masayoshi Son told The Nikkei on Tuesday, arguing that the British chip designer will play a central role in building the foundation of an internet-centered society.Son ...

  • Japanese soccer gets $1.8bn UK streaming deal

    TOKYO -- The Japan Professional Football League has struck a 10-year deal worth more than 200 billion yen with a U.K.-based online distributor, marking the biggest sale of broadcast rights in Japanese sporting history.

  • SoftBank-ARM deal highlights smartphone blues, doubtful hope for IoT

    TAIPEI -- The recent surprise decision by British chip designer ARM to sell itself to Japanese conglomerate SoftBank reflects the struggle of global tech companies relying on the smartphone ecosystem for growth amid faltering demand for mobile handse...

  • Indonesia's Go-Jek may be about to bag $100m investment from KKR

    SINGAPORE/JAKARTA -- A U.S.-based investment company is in advanced talks to take a minority stake in Go-Jek, which, if realized, could net the Indonesian developer of a popular ride-hailing app hundreds of millions of dollars.

  • With ARM deal, Softbank bets on internet of things and on UK

    TOKYO -- Masayoshi Son, the charismatic 58-year-old chairman of the Japanese telecommunications group SoftBank, is known to sometimes make outlandish bets. Four years after making one of those gambles, when SoftBank acquired U.S. telecommunications c...