S&P Global Market Intelligence provides a wrap-up of Asia-Pacific media and communications deal announcements, completions and updates from Dec. 10 to Dec. 27.
* SoftBank Group Corp. is planning to sell its stake in NVIDIA Corp. in early 2019, Bloomberg News reported, citing people familiar with the matter. The Japanese conglomerate's move reportedly comes at a time when Nvidia's shares continue to slide.
* KKR & Co. reduced its earlier acquisition bid for Australian accounting software developer MYOB Group Ltd., following completion of due diligence and debt funding commitments. The U.S. private equity giant is now proposing to buy the shares it does not already own in MYOB for A$3.40 per share, down from its offers of A$3.70 per share in October and A$3.77 per share in November.
* French conglomerate Vivendi SA is competing with Argyle Street Management Ltd. to acquire a stake in the TV operations of Indonesian media company PT Global Mediacom. According to Bloomberg News, Vivendi unit CANAL+ Group is in early talks to invest over US$400 million to acquire around 50% of PT MNC Vision Networks, which controls Global Mediacom's listed pay TV arm and high-speed internet unit.
* LINE Corp.'s Thai unit acquired SellSuki, a social commerce management provider.
* Masii.com, a Bangkok-based comparison site for financial products, has acquired local online event ticketing platform One Place for an undisclosed sum, DealStreetAsia reports.
* NTT DATA Corp. unit NTT DATA Services LLC completed the acquisition of Sierra Systems Group Inc.
* Kakao Corp. subsidiary KakaoPage acquired a 68.39% stake in Indonesian content provider Neobazar to enter the Southeast Asian market, Financial News reports.
* KDDI Corp. formed a business and capital alliance with Tokyo-based data analytics company ALBERT Inc. by acquiring 3.09% of its issued shares for ¥1.41 billion.
* Accenture PLC has acquired Australia-based PrimeQ Pty Ltd., an Oracle Cloud implementation services provider. The deal was valued at A$31 million, The Australian Financial Review reported.
* CJ ENM CO. Ltd. is acquiring a majority stake in Swedish film and TV rights distributor Eccho Rights AB as part of its strategy to expand in Europe, the Middle East and Latin America, according to The Hollywood Reporter.
* Dentsu Inc. will acquire a 70% shareholding in a German video marketer Videobeat Networks GmbH to expand its video advertisement business in Germany.
* Seven West Media Ltd. is considering selling some of its regional newspapers in Western Australia. According to The Australian Financial Review, the move echoes Nine Entertainment Co.'s and News Corp Australia Pty. Ltd.'s plans to offload their regional and community publishing assets.
* Chinese anime video-streaming service Bilibili Inc. acquired Wangyi Manhua, the manga unit of NetEase Inc., for an undisclosed sum, Sina reports.
* NTT Communications Co. Ltd. will acquire a majority stake in Transatel SA, a French telco that provides internet of things cellular connectivity.
* Bharti Airtel Ltd. will offload up to 32% of its shareholding in Bharti Infratel Ltd., reducing Airtel's stake in the telecom tower infrastructure provider to around 18.33%.
* Reliance Communications Ltd. requested India's telecom department to clear its spectrum trading deal with Reliance Jio Infocomm Ltd., The Economic Times of India reports. This comes shortly after the Department of Telecommunications rejected the transaction for not adhering to guidelines.
* The Mumbai bench of India's National Company Law Tribunal cleared the merger of Tata Teleservices (Maharashtra) Ltd.'s mobile businesses with Bharti Airtel.
* The Australian Competition & Consumer Commission raised preliminary competition concerns about the proposed merger of TPG Telecom Ltd. and Vodafone Hutchison Australia Pty. Ltd. The regulator said that TPG, being on course to become the fourth mobile network operator in Australia, has potential to give rise to aggressive competition.
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