South Korea’s SK Group to invest $100M in AirAsia’s digital arm BigPay

On Friday, in a statement South Korea’s SK Group said, it will invest up to $100 million in the fintech unit of AirAsia Group Bhd. BigPay, a unit of AirAsia’s digital arm, offers a prepaid debit card, local and international money transfers, micro-insurance, bill payments and a budgeting tool. “Our ambition has always been to establish…

Semiconductor equipment maker MKS negotiating acquisition of specialty chemicals group Atotech Ltd: Sources

According to sources familiar with the matter at hand, MKS Instruments Inc, a semiconductor equipment maker, has approached Atotech Ltd, a specialty chemicals group, with an acquisition offer. The potential deal will see MKS expand it’s offerings in chip manufacturing through the addition of Atotech’s plating chemicals. The offer comes a few months after Atotech…

Analog artificial chip startup Mythic raises $70M in latest funding round

In a statement, Mythic, a startup which makes artificial intelligence chips for use in gadgets such as smart home devices or security cameras said, it has raised $70 million in its latest funding round. Redwood City, California-based Mythic uses analog technology for its chips rather than digital; While digital chips process and store data in…

U.S. private equity firm General Atlantic LLC and SoftBank Group Corp invests $107 million in Brazilian facial recognition startup Acesso Digital

In a statement Brazil’s facial biometrics and digital admission startup Acesso Digital said, Japan’s SoftBank Group Corp and U.S. private equity firm General Atlantic LLC are leading a $107.25 million (580 million reais) funding round. Following the investment, both, General Atlantic and SoftBank, will hold a minority stake in Acesso Digital. Founded in 2007, Acesso…

Singapore state investor Temasek Holdings joins Facebook-backed Libra digital currency project

Despite facing intense scrutiny from global regulators, Facebook’s Libra project saw Singapore state investor Temasek Holdings joining the cryptocurrency project. Financial regulators are worried that the Libra project when launched could erode national control over money. Late on Thursday, Switzerland-based Libra Association, which manages the Facebook-backed digital currency project, announced Temasek entry into the project.…

Private equity firm Apollo Global raises bid to take Tech Data private

Apollo Global Management, a private equity firm, stated it has raised its bid to take Tech Data, a U.S. information technology equipment distributor, private in a deal valued at around $6 billion. Excluding debt, the deal is valued at nearly $5.14 billion, up from a previous offer of $4.77 billion. Following Apollo Global Management’s new…