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Asia-Pacific deals through Sept. 30: Samsung, BandLab, LINE

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Asia-Pacific deals through Sept. 30: Samsung, BandLab, LINE

The Asia-Pacific edition ofM&A Replay presents a biweekly wrap-up of media and communications dealannouncements, completions and updates in the Asia-Pacific region.


*Singapore-based startup BandLab Technologies isacquiring 49% ofWenner Media LLC'siconic pop culture magazine Rolling Stone,Bloomberg News reported Sept. 25. BandLab, a music-focused social mediaplatform, will not be involved in the editorial side of the magazine, butinstead will manage a new Rolling Stone International unit focusing on liveevents, merchandising and hospitality services. Financial details were not disclosed,and the deal does not include any stake in Wenner Media.

*South Korea's Samsung Electronics Co. Ltd. sold its shares in several tech companies to raise cashamid the global recall of its Galaxy Note 7 smartphone. The unit sold its 4.2%stake in data storage firm Seagate Technology PLC; its 4.5% stake in semiconductormanufacturer Rambus Inc.; its 0.7% stake in Japanese electronicsgiant Sharp Corp.;and half of its 2.9% stake in chip-making equipment provider ASML Holding NV, The Wall Street Journal reported Sept.18. The stakes in Seagate, Rambus and Sharp were valued at more than US$500million combined, while the ASML stake fetched US$676 million, the report said.

M&A Media

*China's Fundamental Films, through a subsidiary, willpurchase a 27.9%stake in French film company EuropaCorp for US$67 million, The Hollywood Reporter reported Sept. 29. EuropaCorp will release11.43 million new shares priced at US$5.83 per share as part of the deal. EuropaCorp'sfounder, French film director Luc Besson, will see his stake diluted from 43.8%to 31.6% through his holding company Front Line. The deal has been approved bythe boards of both companies, according to the report. It is also subject tostandard regulatory requirements as well as a shareholder vote that is likelyto take place before the end of the year.

*Japan's LINE Corp. isacquiring a 25% stake in South Korean mobile messaging service Snow Corp., according to a Sept. 29press release. LINE said it wants to capitalize on the growing popularity ofSnow's selfie and video app, which allows users to include stickers and filtersin their images.

*Japanese advertising agency Dentsu Inc. announcedSept. 27 that its global business unit acquired French web analytics companyWasabi Analytics SAS. Dentsu Aegis Network Ltd. aims to use the takeover tostrengthen Dentsu Group's digital footprint in France.

*Go-Jek, an Indonesiantransport, logistics and payment startup, announced it acquired medical startup Pianta, CNN Indonesia reportedSept. 27. The deal reportedly complements Go-Jek's plan to introduce a medicalservices business called GoMed. Financial details were not disclosed.

*Chinese private equity firm Orient Hontai Capital acquired a majority stake inSan Francisco-based advertising technology startup AppLovin for US$1.42billion, EEO reportedSept. 27. The deal is expected to close before the end of the year.

*U.S. online hotel booking provider RoomToday was acquired by Singaporeanprivate equity company Northcliff Capital Pte. Ltd., Berita Satu reportedSept. 18. RoomToday will be wholly owned by Northcliff and partner PTSimasindo, an Indonesian-based investment holding company.

M&A Communications

*Japan's NTT DATACorp. announcedSept. 27 that it is acquiring Switzerland-based Nefos AG, a Salesforcesolutions company serving German-speaking markets. NTT DATA is the IT servicesarm of Nippon Telegraph & TelephoneCorp.

*The merger between Malaysian telcoRobi Axiata Ltd. and India's Bharti Enterprises Ltd. unit Bharti Airtel Ltd. in Bangladesh isscheduled to be completed by Oct. 23, TheDaily Star reportedSept. 26, citing a senior Robi official. This comes after the Bangladesh HighCourt approved theplanned merger in which Robi's parent Axiata Group Bhd. will own a 68.7% controlling stake.The remaining stakes in the merged entity will be held by Bharti Airtel with25%, and Japan's NTT DoCoMoInc. with 6.3%.

*The Australian Competition and Consumer Commission gave its approval for VocusCommunications to acquire Nextgen Networks Group following a review, accordingto a Sept. 22 statement. The acquisition deal also includes two developmentprojects, the Australian Singapore Cable and the North West Cable System.