Mergers and Acquisitions

Singapore-based telecommunications StarHub is in discussions with conglomerate Keppel over a possible transaction involving M1, Singapore's third-largest telecommunications operator.

GSK agreed to acquire global rights to a Chimagen multiple myeloma program in a deal with an undisclosed upfront fee and contingent payments totaling up to $750 million.

Grab signed an agreement to buy 60% of Atome Financial for $1.49 billion in cash, with the first closing expected by the third quarter of 2027, subject to approvals.

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 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 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.

Singapore investment platform StashAway has acquired digital wills provider MakeGoodwill, extending its offering from wealth building into legacy planning.

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.

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.

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.