Deals

Next SoftBank takeover target's name might start with 'V'

TOKYO -- Speculation is swirling over SoftBank's next big takeover target, after the Japanese mobile carrier last month dropped a bid to acquire T-Mobile US. At an earnings briefing Aug. 8, SoftBank Chairman and CEO Masayoshi Son was quizzed abou...

  • Omron to buy Brazilian health care device maker NS

    TOKYO -- Medical equipment producer Omron will acquire Brazilian peer NS Industria de Aparelhos Medicos for about 10 billion yen ($95.1 million) through a subsidiary. The Japanese company has reached an agreement with current shareholders of NS. ...

  • Chinese mall operator Wanda embarks on online-to-offline venture

    SHENZHEN, China -- China's Wanda Group announced Friday that it will join hands with compatriots Baidu and Tencent to use the Internet to guide consumers to its brick-and-mortar facilities, aiming to capitalize on the smartphone's growing role in dec...

  • Taiwan's CTBC buys into China's ABC Life Insurance

    TAIPEI -- Taiwan's CTBC Financial Holding announced on Friday that it will take a 20% stake in China's ABC Life Insurance, subject to government approval. CTBC Holding said its board agreed to pay 4.2 yuan per share to buy 400 million ABC shares,...

  • UMC, Fujitsu form chip partnership

    TAIPEI -- Taiwan's United Microelectronics Corp. and Japan's Fujitsu Semiconductor on Friday announced that the Taiwanese company will become a minority shareholder in a new Fujitsu subsidiary. The unit will control a fabrication facility for 300mm w...

  • Asia Pacific Telecom shareholders approve Foxconn unit merger

    TAIPEI -- Taiwan's mobile carrier Asia Pacific Telecom said in an exchange filing on Friday that its shareholders have approved the company's proposal to merge with Foxconn Technology Group subsidiary Amit Microsystems in a share-swap deal. Amit ...

  • Japan's Mori Trust on cusp of buying Tokyo building complex

    TOKYO -- Mori Trust will acquire a landmark Tokyo building complex from U.S.-based Lone Star Funds for about 130 billion yen ($1.24 billion) as early as Friday at a time when more large properties are starting to change hands with the market looking...

  • Sharp, Pioneer dissolve capital tie-up

    OSAKA -- Sharp ended a capital partnership with Pioneer on Thursday and plans to sell its 8.05% stake this fiscal year to help improve its balance sheet. The tie-up achieved its original purpose of ensuring "a close and firm business alliance," S...

  • Turkmenistan gas plant project latest sign of pickup in Japanese-Turkish cooperation

    ISTANBUL -- A Japanese-Turkish consortium has clinched a roughly $1.5 billion contract to build a large gas-to-liquids plant in Turkmenistan. Analysts say the arrangement could pave the way for more Japanese and Turkish companies to advance further i...

  • JAL to fly Mitsubishi Regional Jet at home

    TOKYO -- Japan Airlines will order the regional jet Mitsubishi Aircraft is readying for commercialization in 2017, with plans to cut fuel costs by replacing its old domestic fleet with the energy efficient aircraft. The airline is expected to ann...

  • NEC to supply optical cable for new line across Pacific

    TOKYO -- NEC will supply 15,000km of optical cable as its contribution to a seven-company international consortium laying a new undersea communications line directly linking Indonesia, the Philippines and the U.S. via Guam. Scheduled for completi...

  • Sumitomo Mitsui Trust, Bank of Yokohama eye asset management tie-up

    TOKYO -- Sumitomo Mitsui Trust Bank and Bank of Yokohama agreed Wednesday to discuss forming a partnership in managing retail customers' money, a field where local lenders could benefit from allying with experienced national players. The banks wi...

  • Tepco to power big retail chain outside own service area

    TOKYO -- Tokyo Electric Power Co. will start supplying electricity to electronics volume retailer Yamada Denki in the Osaka and Nagoya areas in October, marking its first foray into business turf controlled by rival utilities. The 19,000kW contra...

  • BOC Aviation latest to buy more jets as aircraft leasing soars in Asia

    HONG KONG -- Aircraft leasing company BOC Aviation, based in Singapore but owned by the Bank of China, has placed an order for 80 narrow-body 737 passenger jets from Boeing. The 8.8 billion dollar order is the largest the company has ever placed....

  • Kawasaki Heavy snags order for gas-to-liquids plant in Turkmenistan

    TOKYO -- Kawasaki Heavy Industries, along with a Turkish partner, is set to clinch an order to build what will be the world's largest gas-to-liquids plant in Turkmenistan. Turkmenistan has the world's fourth-largest reserves of natural gas and is...

  • Mizuho affiliate to buy into Beijing-linked leasing company

    TOKYO -- Century Tokyo Leasing, an affiliate of Mizuho Financial Group, will acquire an interest in a new leasing company to be set up in Suzhou, Jiangsu Province, by a state-owned Chinese enterprise. The new business will be capitalized at about...

  • Murata to buy American smartphone parts maker

    OSAKA -- Murata Manufacturing will acquire U.S.-based Peregrine Semiconductor, a leading maker of components for high-speed communications, for about $470 million to expand in-house offerings of smartphone parts. Murata has proposed to pay $12.50...

  • Alibaba to add used cars to sales portfolio

    SHANGHAI -- Alibaba Group will work with major dealership China Grand Automotive Services to sell used cars, a move that could shake up the market. The Chinese e-commerce giant plans to start selling used cars through the Taobao auction website. ...

  • Shinsei queues up for Citi's Japan sale

    TOKYO -- Shinsei Bank is planning to bid for Citigroup's Japanese retail banking operations, hoping to take over the wealthy clientele the Wall Street giant has built up over decades. Citigroup has sounded out nine banks, including Tokyo-based Sh...

  • Struggling Citigroup scrambles to restructure abroad

    NEW YORK -- Citigroup is looking to sell its Japanese retail banking business as part of efforts to trim back sprawling overseas operations, as what was once the world's largest financial institution continues to rebuild six years after the global fi...