Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of … Read more
The United Kingdom is grappling with a notable downturn in mergers and acquisitions (M&A) activity, recording a 33 per cent decline and reaching its lowest point since the aftermath of the 2008 financial crisis. The decline can be attributed to escalating interest rates and apprehensions regarding the economic outlook in Britain, which have dampened the … Read more
Smart farm and Automatic robot mechanical arm harvesting vegetables Vithun Khamsong | Moment | Getty Images Venture capital firms in Southeast Asia expect fundraising to pick up in 2024, but tech firms need to demonstrate “clear” and “viable” paths to profitability. Global macro headwinds such as inflation and high cost of capital have plunged deployment … Read more
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.” Adobe shares rose around … Read more
A live-streamer at a 17LIVE event. 17LIVE In a first for Singapore, shares of 17LIVE began trading Friday following the Asian livestreaming company’s merger with a special-purpose acquisition company. Shares of 17LIVE fell 2.06% to 3.80 Singapore dollars ($2.84) after opening at SG$4. This was Singapore’s first listing via a SPAC merger. SPACs, or blank-check firms, … Read more
