“He doesn’t take the limelight from Elon.” CFO in Chief Tesla CEO Elon Musk might still be the public face of Tesla — but according to a new report from The Wall Street Journal, Musk isn’t actually the person who’s really running the show. Per the report, the person who’s really in charge is Zach… Continue reading The Guy Really Running Tesla Isn’t Elon Musk, Report Claims
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Vietnam EV maker VinFast to list in US through SPAC dealThe transaction is expected to close in the second half of 2023.
Vietnamese automobile manufacturer VinFast has announced a business combination agreement with a publicly traded special purpose acquisition company (SPAC), Black Spade Acquisition Co, to go public in the US. According to an announcement, the business combination values VinFast at an enterprise value of approximately $27 billion and an equity value of $23 billion, not including… Continue reading Vietnam EV maker VinFast to list in US through SPAC dealThe transaction is expected to close in the second half of 2023.
Toshiba, JIP working to ‘quickly complete’ $15b buyout
Toshiba Corp said on Friday it was working with Japan Industrial Partners (JIP) to quickly complete a $15-billion buyout by the private equity firm, as the industrial conglomerate forecast another year of weak earnings. After Toshiba’s board in March accepted a 2 trillion yen ($14.8 billion) buyout offer from the JIP-led group, Toshiba has “received… Continue reading Toshiba, JIP working to ‘quickly complete’ $15b buyout
Longest-serving MAS chief Ravi Menon reappointed for 2 years
Singapore’s longest-serving central banker Ravi Menon has been reappointed in his role for another two years, the Monetary Authority of Singapore (MAS) said on Friday. Menon’s term as managing director of MAS was due to end on May 31. There had been earlier reports that he was to be replaced after the current term. “Mr.… Continue reading Longest-serving MAS chief Ravi Menon reappointed for 2 years
Purah Pad review: a rugged tablet designed for the dangers of Hyrule
/ It doesn’t have many apps, but this reinvention of the Sheikah Slate includes some welcome upgrades for would-be adventurers. By Andrew Webster, an entertainment editor covering streaming, virtual worlds, and every single Pokémon video game. Andrew joined The Verge in 2012, writing over 4,000 stories. Share this story Image: Nintendo It’s never easy to… Continue reading Purah Pad review: a rugged tablet designed for the dangers of Hyrule
PE giant KKR ramps up stake in Japanese supermarket chain SeiyuIt has bought Rakuten’s 20% stake in the Japanese firm.
Private equity giant KKR has increased its stake in Japanese supermarket chain Seiyu to 85% from 65% by buying out Rakuten Group’s stake in the company, per an announcement. The investment is being made out of its Asian Fund IV. Following the transaction, Rakuten will continue to work closely with Seiyu’s management and shareholders. “Seiyu… Continue reading PE giant KKR ramps up stake in Japanese supermarket chain SeiyuIt has bought Rakuten’s 20% stake in the Japanese firm.
SG-based AnyMind Group acquires Indonesian e-commerce enabler DDI
Singapore-based commerce enablement company AnyMind Group has made its first acquisition after its listing on the Tokyo Stock Exchange Growth Market in March. AnyMind has agreed to acquire all shares issued by Indonesia-based e-distributor and e-commerce enabler PT Digital Distribusi Indonesia (DDI) in a bid to accelerate expansion in Asia, per an announcement on Friday.… Continue reading SG-based AnyMind Group acquires Indonesian e-commerce enabler DDI
Castler raises $5m from Capital 2B, IIFL and other India deals worth $63m
New Delhi-based Castler, a global escrow banking platform, has raised pre-Series A funding of $5 million (Rs 41 crore) co-led by IIFL fintech fund and Info Edge’s fund Capital 2B, per an announcement. The financing also saw participation from Piper Serica and Stride Ventures along with returning investors Venture Catalysts, 9Unicorns, FAAD Network, and Zerodha,… Continue reading Castler raises $5m from Capital 2B, IIFL and other India deals worth $63m
Pratt & Whitney says faces higher risks after Go First filed for bankruptcy
Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd’s push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline’s bankruptcy filing has raised risks for it. The Indian airline, widely known as Go First, approached the Delaware court to enforce an… Continue reading Pratt & Whitney says faces higher risks after Go First filed for bankruptcy
Japan’s SBI Holdings to take SBI Shinsei Bank private
Japan’s SBI Holdings Inc plans to take SBI Shinsei Bank private by spending about 150 billion yen ($1.11 billion) to buy around a 25% stake through a tender offer, the Nikkei business daily reported on Friday. SBI Holdings declined to comment. SBI Shinsei Bank was not immediately available for comment. Shares in SBI Shinsei Bank… Continue reading Japan’s SBI Holdings to take SBI Shinsei Bank private