TikTok’s Chinese owner offers to forego stake to clinch US deal
NEW YORK/WASHINGTON: China’s ByteDance has agreed to divest the US operations of TikTok completely in a bid to save a deal with the White House, after…
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stake
Google buys stake in Jio Platforms for US$4.5 bil
NEW DELHI: India’s Reliance Industries on Wednesday said Alphabet Inc’s Google will buy a 7.7% stake in its digital unit for US$4.5 billion, winning…
Didi nabs coveted license with 32% stake in insurer
China’s biggest ride-hailing platform Didi Chuxing took a 32% stake in Hyundai Insurance China, according to a regulatory filing released Tuesday, ramping up…
Gojek reportedly buys 4.3% stake in Indonesian taxi company Blue Bird
Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported…
gojek purchases US$30M stake in Indonesian taxi operator giant Blue Bird
Indonesian ride-hailing giant gojek has purchased a 4.3 per cent stake at local taxi operator Blue Bird for US$30 million, Bloomberg confirmed. Citing people…
Fortnite World Cup Finals, with $30 million at stake
Epic Games announced today that the Fortnite World Cup Finals will take place in Queens, New York, from July 26 to July 28. The prize pool is $30 million, and…
Altice to acquire majority stake in OTT startup
Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While…
Media Prima unit buys stake in Chinese social news portal
Media Prima Bhd’s wholly-owned unit, Media Prima Digital Sdn Bhd (MPD), via its subsidiary REV Asia Holdings Sdn Bhd, has acquired a 25% stake in Monster…
Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm
Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain,…
Indonesia’s largest telco Telkom in talks to acquire stake in Go-Jek |…
Indonesia’s largest telco Telkom is in talks to acquire a stake in ride-hailing giant Go-Jek, according to a Straits Times report.If the deal goes…