Business
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about US$2.4 billion — Geely…
Tag
Billion
Business
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
Culture
Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays
Carmaker is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash…
Business
China clears Synopsys’s US$35 billion Ansys buyout in US win
Following Beijing’s decision, the company has cleared one of the last major hurdles to a deal to intended to shore up its market position…
Business
Centurion confirms accommodation Reit listing with S$1.8 billion portfolio value
Centurion Corp announced on Monday (Jul 14) that it has entered into agreements for the proposed listing of its new real estate investment…
Business
SpaceX to invest US$2 billion in Musk's xAI startup
SpaceX has committed US$2 billion to xAI as part of a US$5 billion equity round, deepening the ties between tech billionaire Elon Musk’s…
Business
Google Ropes-in Windsurf AI Talent on Board in $2.4 Billion Tech Licensing Deal Without Taking Ownership
The hiring spree of top talent among the tech giants is gaining momentum as companies leave no stone unturned in the race to further…
Business
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a…
News
Indonesia detains Trafigura employee in US$17 billion graft case
Indonesia has detained an employee of Trafigura Group along with seven other suspects in a case involving oil procurement by state-owned…
Business
Alibaba risks deepening US$100 billion rout as turf war heats up
A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in…
Business
US Justice Department to allow T-Mobile’s US$4.4 billion acquisition of UScellular
antitrust enforcers greenlit T-Mobile’s US$4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump…
Business
Ferrero to buy WK Kellogg for $3.1 billion
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal…
Business
Temasek sees more opportunities in Europe after investing S$10 billion in the region last year
Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate…
Business
eSIM platform Airalo raises US$220 million in new funding round, lifts valuation past US$1 billion
Company says this makes it the industry’s first unicorn; latest financing includes new investor CVC eSIM platform Airalo has raised US$220…
Business
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
Business
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on…
Business
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets…
Business
AI chip startup Groq discusses US$6 billion valuation, The Information reports
semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion…
Business
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the…
Business
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance…
Business
Singapore sustainable bond issuances jump 80% to S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit…
Business
Australian pension overseeing A$75 billion adds private equity
The move is the latest in a run of private equity allocation increases among so-called superannuation funds within Australia’s A$4.1…
Business
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial…
Business
Meta invests US$3.5 billion in world’s largest eyewear maker in AI glasses push
Meta Platforms bought a minority stake in the world’s largest eyewear maker EssilorLuxottica, a deal that increases the US tech giant’s…