ACQUISITIONS

Mergers and acquisitions here more than double to $47.7b

Mergers and acquisitions (M&A) activity totalled US$35.3 billion (S$47.7 billion) in Singapore last year, a report noted yesterday.

Gojek closes in on deal to buy 5% of Indonesian taxi operator Blue Bird

JAKARTA (BLOOMBERG) - Gojek, the Indonesian all-purpose super app provider, is nearing an agreement to buy 5 per cent of top local taxi operator PT Blue Bird, according to people familiar with the...

Gojek near to buying mobile payment start-up Moka for $163m

SINGAPORE (BLOOMBERG) - Indonesia's ride-hailing giant Gojek is close to acquiring a mobile point-of-sale start-up called Moka for at least US$120 million (S$163 million), as it aims to become a...

Uber nears deal for self-driving car simulation startup: report

[BENGALURU] Uber Technologies Inc is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with...

Independent hotels are disappearing as big chains grow

NEW YORK (NYTIMES) - This should be the heyday of independent hotels, which by their very nature offer the distinctive experiences sought by many travelers.

Competition watchdog clears BreadTalk's proposed acquisition of Food Junction

SINGAPORE - BreadTalk Group's proposed acquisition of Food Junction Management will not result in the lessening of competition within the foodcourt market in Singapore, the Competition and...

GIC, Temasek help drive sovereign funds' M&A deals to $34b in Q3

LONDON • Sovereign wealth funds increased their merger and acquisition (M&A) activity to US$24.6 billion (S$34 billion) in the third quarter, propelled by deals involving Singapore's GIC and...

Accrelist to buy Wheelock medical aesthetics clinic for $17m

SINGAPORE - Catalist-listed corporate accretion services provider Accrelist is looking to buy The Wellness Clinic at Wheelock Place for an indicative consideration of $17 million.

BreadTalk to buy food-court operator Food Junction for $80m

SINGAPORE - Food and beverage (F&B) player BreadTalk Group is looking to buy the entire stake in Food Junction Management (FJM), which operates food courts and F&B outlets in Singapore and...

Aier Eye to make pre-conditional offer for ISEC Healthcare shares

CATALIST-LISTED ISEC Healthcare said on Monday evening that Aier Eye International has agreed to buy about 186.3 million ISEC Healthcare shares at S$0.36 each in a sale and purchase agreement...

ST Group Food acquires master franchise for NeNe Chicken in New Zealand

SINGAPORE - Newly-listed food and beverage (F&B) franchisee ST Group Food Industries Holdings has secured exclusive rights to the NeNe Chicken brand in New Zealand, it said in a bourse filing...