Mergers and Acquisitions
Grab in talks to buy SoftBank-backed fintech firm Atome — report
Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.
Nvidia agrees to acquire Hugging Face for $12.93B
Nvidia has agreed to acquire Hugging Face for $12.93 billion, extending its reach into the global ecosystem for open AI models, datasets and developer tools.
Japan’s SBI takes 20% stake in Indonesia’s multi-asset investment platform Ajaib
Japan's SBI Holdings has acquired, through a subsidiary, a 20 percent stake in Ajaib Group, an Indonesian online multi-asset investment platform, making the Jakarta-based company an equity-method affiliate.
StashAway acquires MakeGoodwill to add digital wills to Singapore wealth offering
Singapore investment platform StashAway has acquired digital wills provider MakeGoodwill, extending its offering from wealth building into legacy planning.
Vietnam’s VNG to buy back data center project stake from Singapore’s STT GDC for $18.3M
VNG Group JSC, a leading technology firm in Vietnam, will buy back a majority stake in VTH Software Development JSC for VND480 billion ($18.3 million), after its Singapore-based partner STT GDC withdrew from a planned data center project on the site of VTH.
Singapore’s Timah Partners secures $47M debt facility for SME acquisitions
Timah Partners, a Singapore-based holding company that buys small and medium-sized enterprises from retiring owners, has secured a S$60 million ($47 million) debt facility to fund acquisitions in Singapore.
Singapore’s Graas raises $17 million Series B, acquires product-data startup Trustana
Graas, a Singapore-based retail commerce AI company, has raised $17 million in a Series B round and acquired Trustana, a Singapore-based product-data platform.
Singapore-based Manus AI to leave Meta as China blocks Meta’s $2B acquisition
Manus, a Singapore-headquartered AI agent startup founded in China, will return to operating as an independent company and delete some user data, months after Chinese regulators blocked Meta's $2 billion acquisition of the startup.
Singapore okays Texas Instruments’ $7.5B acquisition of Silicon Labs, amid fragmented global market
Singapore's Competition and Consumer Commission (CCS) has given its nods to Texas Instruments' proposed $7.5 billion acquisition of fellow US chipmaker Silicon Laboratories, finding that the deal poses no substantial lessening of competition in Singapore or globally.
[Discover Vietnam Tech] $1B in M&A, Just $0.6M in Tech: Vietnam’s tech sector has substantial growth potential
Vietnam recorded over $1 billion in M&A deals in June alone, yet technology barely featured, with three deals worth a combined $0.6 million—less than 1 percent of the total. The stark disparity highlighted how much room Vietnam’s tech sector still has to grow, despite the country’s strong push towards a digital future.
