Mergers and Acquisitions

Tony Fernandes’s global empire to be broken up into five listed companies “utlimately”

“So in the end, my dream is when I retire, five listed companies, one in America and four in other parts of Asean,” Tony Fernandes said.

SoftBank buys 51 percent stake in car software firm Cubic Telekom for $512M

Japanese telecommunications and information technology (IT) firm SoftBank Corp. has inked deal to acquire 51 percent stake in Dublin-based car software firm Cubic Telekom Ltd. for approximately EUR 473 million ($512 million).

TikTok mulls investing in Indonesia’s GoTo to revive online shop – report

Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.

China’s Meituan explores deal for Delivery Hero’s Southeast Asia arm Foodpanda – report

Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said.

AirAsia parent Capital A to list brand management business on NASDAQ via SPAC deal

The proposed business combination will be at an indicative equity value of $1 billion based on an independent valuation of the AirAsia Brand.

Singapore’s SPH Media to acquire tech media firm Tech in Asia

Financial terms of the transaction will not be disclosed.

Malaysia’s Capital A prepares to raise more than $1B in debt, equity as it prepares New York SPAC listing – report

Fernandes has agreed a deal with Aetherium Acquisition, a special purpose acquisition company trading on NASDAQ, and plans to list several businesses through it next year, the FT reported.

Grab, GrabFood

Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say

Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.

Delivery Hero’s foodpanda’s business could be sold to Grab? – report

Delivery Hero plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.

ORIGIN Conference: Navigating the Evolving Landscape of Investment and M&A in Southeast Asia

The ORIGIN Conference highlighted investing as well as mergers and acquisitions in the Southeast Asian scene from the perspective of business leaders from Singapore, Malaysia, and Indonesia through the panel, "Navigating the Evolving Landscape of Investment and M&A in Southeast Asia."