Ride-hailing company Uber will acquire Delivery Hero’s foodpanda branded takeaway business in Taiwan for $950 million in cash, the companies said on Tuesday. Germany’s Delivery Hero plans to additionally issue 8.42 million new ordinary registered shares which Uber has agreed to purchase for $300 million, the two companies said. Following the move, Uber would hold… Continue reading Uber to buy Delivery Hero’s foodpanda delivery business in Taiwan
Author: Deal Street Asia Online News
OpenAI unveils new AI model as competition heats up
ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and image, its latest move to stay ahead in a race to dominate the emerging technology. New audio capabilities enable users to speak to ChatGPT and obtain real-time responses… Continue reading OpenAI unveils new AI model as competition heats up
India: Multiples PE joins race to invest in furniture hardware firm EbcoIf negotiations fructify, Multiples will pick up a majority stake in the compa…
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SE Asia Deal Review: Startup funding nosedives to record low of $227m in April
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SG-listed CapitaLand expects 2025 to be a great vintage for Asia real assets
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Singapore’s industrial robot startups eye Asian markets and beyond
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Accel raises $650m to invest in AI, cybersecurity startups
Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening its London office in 2000. Accel has so far backed more than 200 companies across… Continue reading Accel raises $650m to invest in AI, cybersecurity startups
PE firm Permira to take Squarespace private in all-cash deal valued at $6.9b
Private equity firm Permira will take Squarespace private in an all–cash deal valued at about $6.9 billion, the website-design platform said on Monday. Shares of the company, which helps businesses and individuals build, design websites and create e-commerce stores, rose nearly 12% in premarket trading. Permira‘s offer price of $44 per share, represents a 15.2% premium to the stock’s last closing price on Friday. The… Continue reading PE firm Permira to take Squarespace private in all-cash deal valued at $6.9b
SG semiconductor firm Advanced Micro Foundry’s losses widen as revenue shrinks in 2023The company was launched in 2017 as a spin-off from the Agency f…
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Micro-finance lender Annapurna Finance raises $75m from Piramal Alternatives
Piramal Alternatives, a unit of the Ajay Piramal-controlled Piramal Group, on Monday said it has invested $75 million in micro-finance lender Annapurna Finance. Odisha-based Annapurna operates in 450 districts across 20 states, with assets under management of over $1.25 billion as of March 31, 2024. Annapurna Finance has also diversified its portfolio in MSME finance… Continue reading Micro-finance lender Annapurna Finance raises $75m from Piramal Alternatives