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SoftBank paying $32B for chip firm; Opera revamps Chinese deal

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SoftBank paying $32B for chip firm; Opera revamps Chinese deal

TOP NEWS

*Japan's SoftBank GroupCorp. reached an agreement to acquire U.K.-based semiconductorfirm ARM Holdings Plc for more than US$32 billion. Following the deal'scompletion, ARM will retain its Cambridge headquarters, as well as itsoperational set-up, management and brand. SoftBank also intends to increaseARM's workforce over the next five years. The deal is not subject to anyantitrust or regulatory conditions.

*Plans by a consortium of Chinese investors to acquire Norway's fell apart afterthe deal failed tosecure regulatory approvals by the drop-dead date of July 15. The Chineseconsortium, via Golden Brick Capital Private Equity Fund I LP, will now insteadpurchase Opera's mobile and desktop browser businesses, its performance and privacyapps division, its technology licensing business outside of Opera TV and its29.09% stake in Chinese joint venture nHorizon for US$600 million.

*South Korea's Fair Trade Commission could fine Qualcomm Inc. up to 1 trillion Korean won, or aboutUS$880 million, for allegedly violating fair trade rules. The anti-trust agencyis set to make a final ruling on July 20 after a 17-month investigation intoQualcomm's business practices in the country.

*Japan's SoftBank Group Corp. and Toshiba Corp. have teamed up on digital signagetechnology that communicates in four languages, including English and Chinese, The Nikkei reports.The technology combines SoftBank's know-how in responding electronically toquestions in Japanese and foreign languages with Toshiba's expertise in voicerecognition that transforms spoken words into digital text. The technology willbe deployed in airports and commercial facilities amid a tourism boom in Japan.

*Japan's Toshiba Corp. and U.S. data storage company announcedthe opening of a new semiconductor plant in western Japan. The facility inYokkaichi, Mie Prefecture, will help the companies develop mass production of3D flash memory, which is increasingly vital in smartphones and other high-techproducts.

*The Korean Fair Trade Commission confirmed its final decision to reject theproposed merger between IPTV provider SK Broadband and cable TV operator , Yonhap News Agency reports.SK Telecom Co. Ltd.owns SK Broadband, while CJ OShopping is the parent firm of CJ HelloVision.

*South Korea's Ministry of Culture, Sports and Tourism has reviewed andfinalized a plan to boost the game industry, which included the easing of theso-called "shutdown law" that forbids children from playing onlinegames at night, Newsis reports.The games industry, however, reportedly questioned the effectiveness of theplan.

*Korean social networking service provider Cyworld Co. Ltd. announced its newCEO will be Je Wan Jun, the CEO of Aire Inc., The Korea Economic Daily reports.The move reportedly aims to integrate Aire's video service platform withCyworld's user base to create a video-based social media platform.

, HONG KONG ANDTAIWAN

*Chinese internet company Qihoo 360 has completed its privatization process,Xinhua News Agency reports.Each of Qihoo 360's class A and class B ordinary shares were cancelled inexchange for US$51.33, and it delisted from the New York Stock Exchange on July18. The move was part of a merger agreement in which Qihoo 360became a wholly owned subsidiary of True Thrive Ltd., also known as Midco.

*Lions Gate EntertainmentCorp. and Beijing-based film company Leomus Pictures are set toco-produce a Chinese-language spinoff of the U.S. magician thriller franchise"Now You See Me." Accordingto The Hollywood Reporter, the moviewill be shot in China and will feature a mostly Chinese cast.

*Hong Kong-based fiber network operator Hong Kong Broadband Network Ltd. was granted a licenseto offer mobile virtual network operator services in the city, Telecompaper reports.HKBN also announced it signed a memorandum of understanding with Hong Kong tolaunch the HKBN mobile service in August.

*Chinese search engine company Baidu Inc. announced its investment in U.S. fintechcompany ZestFinance Inc., Sina Tech News reports.The amount was not disclosed. Chinese e-commerce company last year invested inZestFinance, which uses big data for credit scores.

SOUTHEAST ASIA

*Indonesian telco Smartfren will soon stop its CDMAservice as it is currently in the process of migrating to 4G LTE technology, accordingto industry site Selular.id. The company is asking its customers to upgradetheir SIM cards and mobile devices to be compatible with 4G LTE.     

*Thailand-based cellular provider Total AccessCommunication Plc (Dtac) denied rumors that it will reduce its workforce by40%, daily newspaper Krungthep Turakijreports. The companyalso dismisses claims that its parent company, Norway's , is pulling out.

*Indonesian telco PTTelekomunikasi Indonesia Tbk introduced a hybrid set-top box tocomplement its triple-play service IndiHome to allow users to access on-demandvideo service through their TVs, industry site Indotelko reports.By using a hybrid STB, users can connect their TV to the Internet, even if it isnot a smart TV.

*Myanmar's fourth mobile operator should have applied forits license by now, according to a proposed timeline released earlier this yearby its joint venture committee. Accordingto The Myanmar Times, the fourthoperator will combine local and international partners, with the governmentintending the fourth telco to be Myanmar-led.

*Malaysian telco Axiata Group Bhd. has made structural changes across the group by appointingtwo corporate executive vice presidents and regional CEOs, three CEOs and othersenior appointments. Dato' Sri Shazalli Ramly, who will be replaced by MichaelKuehner as the CEO of Celcom Axiata Berhad, will serve as Axiata Group'sSoutheast Asia regional CEO. Meanwhile, Hans Wijayasuriya will be regional CEOfor South Asia operations.

*Indonesian e-commerce company MatahariMall formed a partnership with New Zealande-commerce company Fishpond, accordingto Selular.id. With this partnership, customers in Indonesia can use theMatahariMall site to purchase Fishpond products, which are mainly books, toys,kitchen appliances and sports equipment.

*Korean online game developer Nexon Corp. launched a new game in Thailand incollaboration with Thai cellular provider Dtac, newspaper Thansettakij reports.The new game, "Heroes of Incredible Tales," is expected to draw over10 million players, according to the report.

*Singaporean telco Singtel and Development Bank of Singapore (DBS) areoffering a set of tools to help small- and medium-sized enterprises (SMEs) withe-commerce and cashless payments, TheStraits Times reports.The move, which is part of a campaign called 99% SME, is intended to promoteSME goods and services. Singtel is a unit of Temasek Holdings (Pvt.) Ltd.

*Thailand's Bank of Ayudhya, or Krungsri, plans to set up a subsidiary tooversee its startup investment and financial technology operators, The Nation reports.The initial registered capital of the new company is reportedly set at 10million Thai baht.

*According to the Bank of Thailand, 9.7 million people signed up for PromptPay,the country's new money transfer protocol, TheNation reports.This figure accounts for 20% to 30% of personal savings accounts in Thailand,according to the report.

AND NEW ZEALAND

*Sky New Zealandentered into an agreement with France's Prime Entertainment Group, RapidTV Newsreports.The French video production and distribution company will provide Sky NZ's SkyMovies with shows such as "The Brothers Warner," "The True Storyof Angelina Jolie" and other best-sellers from their collection.

*Australia's Seven NetworkLtd. secured the broadcast rights to the 2017 Rugby League WorldCup, The Sydney Morning Herald reports.The deal breaks NineNetwork's 19-year dominance over free-to-air rugby league in thecountry. The network will be airing all 28 matches of the event, scheduledbetween Oct. 27 and Dec. 2 next year, live on one of its channels, the reportsaid.

*The Australian BroadcastingCorp. has announcedthe launch of its streaming platform iview, which allows viewers to watch anyABC channel live. Iview also offers users access to all of ABC's content,including original and exclusive productions, through the company website or by downloading the app fromAlphabet Inc.-ownedGoogle Inc.'s PlayStore or through AppleInc.'s App Store.

*MediaHub Australia recently announcedits implementation of a disaster recovery initiative for its broadcast playoutpartner Imparja Television. The initiative took place when flooding in theAlice Springs area heavily damaged Imparja's scheduling systems, affecting datatransmission between the two broadcasters, causing MediaHub to air reformattedpast programming schedules.

*Telstra Corp. Ltd.'sformer CEO Sol Trujillo has joined Australian telecom and advertising startupUnlockd as member of its board, TheAustralian reports.Joining him on the board is David Baxby, former Virgin Group co-CEO.

AND SOUTH ASIA

*The Pakistan Telecommunication Authority issued an 850MHzspectrum license to Telenor Pakistan(Pvt.) Ltd. after it paid a withholding tax of US$39.5 million, The News reports.The withholding tax is 10% of the total auction price of US$395 million, theprice of the 10MHz block from the 850MHz spectrum Telenor won in last month'sspectrum auction. Telenor Pakistan is a unit of .

*Indian multisystem operator DENNetworks Ltd. has become a major shareholder in Macro Commerce, theTV home shopping joint venture with Jasper Infotech, owner and operator ofe-commerce platform Snapdeal.Accordingto Television Post, DEN bought 32.87% from Jasper Infotech, increasing itstotal stake to 82.87%, for 60 million Indian rupees.

*India's Reliance Jio Infocomm Ltd. has started importing 17,000 internetprotocol set-top boxes from Vietnam,Telecom Talk reports.The import of the set-top boxes reportedly indicates that the company ispreparing to launch its IP-based TV service.

FEATURED NEWS

: Microsoft will not be able to meet the goal ofhaving 1 billion monthly active Windows 10 devices by June 2018, while Yahoo'snew owners could pursue job cuts in a bid to cut "some bloated costs"at the company, analyst says.

: SoftBank offered to acquireU.K.-based ARM Holdings for $31.4 billion, while Liberty Global named VirginMedia deputy CFO Mark Reid as the new CEO of its UPC unit.

The week inOTT: Twitter strikes streaming partnerships; Netflix, Amazon pick up Emmynominations: Twitter inked a series of streaming partnerships,while Netflix garnered 54 nominations for the 68th Emmy Awards by theTelevision Academy, and Amazon.com's Prime Video picked up 16.

: S&P Global Market Intelligence provides a wrap-up of mediaand communications deal announcements and completions from July 11 to July 15.

: S&P Global MarketIntelligence provides a wrap-up of European media and communications dealannouncements, completions and updates from July 11 to July 15.

: S&P Global Market Intelligencesat down with Khaldoon Tabaza, founder and managing director of iMENA Group, ane-commerce giant in the Middle East and North Africa region.

: Twitter will live stream the 2016political conventions, but any long-term threat to linear ratings is yet to beseen.

: Family films have spurred a minor rebound in the summer boxoffice with weekly box office grosses now on a three-week growth streak

FEATURED RESEARCH

: Presenting the editor's top picks fromSNL Kagan's exclusive research and analysis for the week ended July 15.

Joji Sakurai, Myungran Ha,Grace Shao, Ed Eduard and Wil Hathaway contributed to this report. The DailyDose has an editorial deadline of 7 a.m. Hong Kong time. Some external linksmay require a subscription.