China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | February 24, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News

Content Delivery Specialist Goes Global with $186 Million Purchase
Shenzhen-listed Internet services provider Wangsu Science & Technology Co. Ltd. said it has agreed to buy South Korean peer CDNetworks for 21.1 billion yen ($185 million) in a bid to quickly expand its content delivery services outside its home market.

Wangsu is buying about 85% percent of CDNetworks’ shares from KDDI Corp., one of Japan’s leading wireless carriers. KDDI bought its CDNetworks stake in 2011 for $167 million with a similar aim of extending its own global reach by tapping the South Korean company’s network.

 

HNA Buys Controlling Stake in Oil and Gas Dis...

Category: Daily Newsletter 

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By: ChinaDesk | February 17, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News

TVB’s second-largest shareholder says it rejects buyback offer
The plan by Chinese media mogul Li Ruigang to tighten his grip on Hong Kong’s main free-to-air television broadcaster may be heading for a messy tussle, after TVB’s second-largest shareholder today declared its opposition to a HK$4.21 billion buyback proposal.

 

Silchester International Investors LLP, a London-based fund owning 14.1 per cent of Television Broadcasts Ltd, or TVB, said the January 24 buyback -- revised on February 13 -- was “essentially a disguised nil premium takeover attempt” by the controlling shareholder Young Lion Holdings, at a time when TVB and its share pr...

Category: Daily Newsletter 

Tags: Venture Capital, Alibaba, IPO, China Newsletter, Jack Ma, Carlyle, Didi Chuxing, china Merchants bank, CITIC, Mobike, McDonalds China, Gaw Capital, BOE Technologies, Sinovation Ventures, Bank of China, Mergers, Acquisitions, babytree, Matrix Partners China, China M& A, Private Equity, UBS China, Shunwei Capital, Joint Venture, Tencent Holdings, Agricultural Bank of China, CITIC Capital, Sequoia Capital China, WeChat, Tesla, SAIF Partners, TVB, Mattel, Li Ruigang, Silchester Investors, Young Lion Holdings, Pony Ma, Neil Shen, Four Seasons Hotel, Zhaopin, SEEK, Zhao Wei, Kerogen Capital, MakeMyTrip, ShineZone, PerceptIn, Truebil, Paix Technology, MND Zhangjiakou Mountain Development, Montagne et Neige Developpement, MND Group, Zhangjiakou Coal Mining, Jeneyao Airlines, Boeing, Apple, Kingston Chang, Ma Weihua, Yungu School, CreditSights, Lakshmanan R, Zhonghui Property Mutual Insurance, China Insurance Regulatory Commission, CIRC, Investment Banking 

By: ChinaDesk | February 07, 2017

A Newsletter on Deal Making in China

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Deal News


China’s Global Auto Ambitions Get a Boost as Takata Picks Bidder
A year ago, Ningbo Joyson Electronic Corp. would have been an unlikely name on a shortlist of candidates to rescue Takata Corp., the Japanese air-bag maker that’s behind the biggest safety recall in automotive history. Joyson-owned Key Safety Systems Inc. has emerged as the leading bidder for Takata Corp. 


Bidders have favored a court-led process to cap their exposure to Takata's existing liabilities. Those liabilities are estimated by some analysts to be as high as $10 billion for recall costs alone. Such an option could deal a huge blow to shareholders, including the founding Takada family, a major investor....

By: ChinaDesk | January 20, 2017

A Newsletter on Deal Making in China

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Deal News 

 

China's Oceanwide, IDG Capital to buy tech publisher IDG
International Data Group, the owner of PCWorld magazine and market researcher IDC, on Thursday said it was being acquired by China Oceanwide Holdings Group and IDG Capital, the investment management firm run by IDG China executive Hugo Shong.

 

It is the latest technology and media asset to be sold to Chinese investors, following deals for U.S. companies last year such as television producer Dick Clark Productions, and customer satisfaction firm J.D. Power and Associates. Terms of the deal were not disclosed. Reuters previously reported that IDG was seeking around $1 billion.

 

Innotech targets Asia with US marketi...

By: ChinaDesk | January 11, 2017

A Newsletter on Deal Making in China

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Deal News

 

Alibaba leads $2.55 billion bid for Chinese retailer Intime
E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.

 

The bid for the remaining 63% of Intime carries a generous 52% premium to the company's average price over the last 90 days. That's twice the average four-week premium for similar retail bids in Asia, and looks pricey.

 

The deal to buy out Intime adds to Alibaba’s burgeoning foothold in physical retail as it pursues growth beyond a slowing online business. Control of Intime will also allow the e-commerce g...

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