Private Equity

Snap Acquires AR Startup Waveoptics, Which Provides Tech For Spectacles, For Over $500M

Snap yesterday announced the latest iteration of its Spectacles augmented reality glasses, and today the company revealed a bit more news: it is also acquiring the startup that supplied the technology that helps power them. The Snapchat parent is snapping up WaveOptics, an AR startup that makes the waveguides and projectors used in AR glasses. These overlay …

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Indonesia’s Gojek, Tokopedia To Create Biggest Local Tech Group

–A+A The combined entity, which will span online shopping, courier services, ride-hailing, food delivery, and other services , will be the biggest privately held technology company in Southeast Asia. SINGAPORE (May 17): Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the …

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SoftBank Corp Invests RM250m In Axiata’s ADA For 23.07% Stake

KUALA LUMPUR (May 11): SoftBank Corp is investing RM250 million (US$60 million) in Axiata Group Bhd’s digital marketing subsidiary ADA for a 23.07% stake in the company, establishing ADA’s RM1.07 billion (US$260 million) valuation. Axiata Digital will remain as the majority shareholder of ADA with a 63.47% stake, following the entry of SoftBank. Axiata Digital …

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UFC-Owner Endeavor Aims for Over US$10 Bil Valuation in Second IPO Attempt

BENGALURU (April 20): Endeavor Group Holdings Inc, owner of the Ultimate Fighting Championship (UFC), is aiming for a valuation of more than US$10 billion in its US initial public offering (IPO), in what will be its second shot at going public after a failed attempt in 2019. Endeavor has also bought sports tech firm FlightScope …

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Top Glove’s Billionaire Founder Buys Stake in Education Company

KUALA LUMPUR (April 13): Tan Sri Dr Lim Wee Chai, founder and executive chairman of the world’s largest rubber glove producer Top Glove Corp Bhd, has emerged as a minority shareholder in Malaysian private education group Minda Global Bhd. The shares of Minda Global soared. “This is a private investment, separate from the Top Glove …

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