The move assumes strategic importance since it acts as a vehicle for increasing Alibaba’s global push to boost its marketshare in Singapore’s fast-growing multi-billion dollar e-commerce market. As part of its drive to further expand its presence in new markets, Alibaba Group Holding Ltd is set to invest an additional $2 billion in the Lazada…
Among Western Digital concerns for blocking Toshiba’s NAND memory sale was that its direct competitors, Seagate Technologies and SK Hynix will gain access to proprietary information from the acquisition. Here is how these concerns have been addressed by Bain Capital. As per a documents from Bain Capital LP, the leader of the group that is…
A positive outcome of the talks could enable Lyft to ward off discussions on its IPO, slated for 2018, and could enable it to increase its footprint in the U.S. As per a source familiar with the matter at hand, Alphabet Inc is holding early talks with Lyft Inc regarding purchasing a stake in the…
With the forthcoming launch of electric cars, the demand for video processing chips and IoT enabled chips is likely to surge. On Monday, U.S. hedge fund Elliott Management Corp disclosed that it has acquired a shade of 5% stake in Hitachi Kokusai Electric, a chip manufacturer for equipment and video solution business. Earlier in April,…
Fujifilm seeks to expand its base beyond its traditional photography business. Fujifilm Holdings Corp has disclosed, it aims to spend $4.54 billion (500 billion yen) in strategic acquisitions over the next three years, as it strives to seek growth outside of its photographic film business. The development is strategic since its photographic film business is…
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