SoftBank's $5.4B purchase of ABB's robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era
Chris Bryant / Bloomberg : X: @business X: @business : ABB's robotics sale is the latest sign of this continent losing its grip on a vital technology, writes @chrismbryant (via @opinion) https://www....
Sources: KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5B
Bloomberg :
Sources: AMD is in talks with Asian companies for a $3B to $4B sale of data center manufacturing plants, which it inherited in its $4.9B ZT Systems acquisition
Bloomberg :
Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees
Michael Hennessey / Bloomberg :
Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores
the deal is a win for fast fashion, but a loss for the environment PYMNTS.com : Shein's Forever 21 Returns Deal Spotlights Key Omnichannel Strategy Wajeeh Khan / Invezz : Shein just announced a deal w...
Ripple says it is acquiring a 40% stake in Asian cross-border payments company Tranglo
Crypto firm Ripple has agreed to acquire a 40% stake in Asian payments specialist Tranglo. The transaction is subject to regulatory approvals is expected to occur sometime this year.
After buying Poloniex in 2018 for $400M, Circle spins it out into Polo Digital Assets, backed by an unnamed Asian firm, says it won't serve US customers anymore
Crypto exchange Poloniex is spinning out from its parent firm Circle, the companies announced Friday.
Sources: Thailand's CP Group has acquired Omise, the Asian payments company behind the OmiseGO network token OMG, for $150M
The Block :
Sources: Uber has agreed to sell its Southeast Asian business to Grab in exchange for 25% to 30% stake in the Asian startup; the deal may be announced on Monday
Uber is said to announce sale, for a stake of 25% to 30% — A deal will mark Uber's exit from yet another major market
eBay to acquire Japanese ecommerce platform Qoo10.jp, an arm of Singapore-based Giosis, report says for ~$700M
eBay has confirmed that it's buying the Japanese arm of Giosis, a Singapore-based business that operates the Qoo10 ecommerce platform across a number of Asian markets …