trending Market Intelligence /marketintelligence/en/news-insights/trending/xql7oo3osnpuemeckb55ya2 content esgSubNav
In This List

Asia-Pacific: SoftBank takes Charter stake; Tencent buys into production company


Maritime and Trade Talk Episode 26


HDFC Securities Investment Research Now Available through S&P Capital IQ Pro


MediaTalk | Season 2
Ep.2 Back to the Box Office


Next in Tech Episode 156: Connecting with Customers

Asia-Pacific: SoftBank takes Charter stake; Tencent buys into production company

S&P Global Market Intelligence provides a biweekly wrap-up of Asia-Pacific media and communications deal announcements, completions and updates from March 6 to March 19.


* SoftBank Group Corp. quietly acquired a nearly 5% stake in Charter Communications Inc. in a transaction led by SoftBank CEO Masayoshi Son, The Times (London) reported March 11, citing sources. The move could possibly increase the possibility of a US$100 billion merger between Charter and SoftBank-owned Sprint Corp.

* Tencent Holdings Ltd. acquired 27.64% of TV and film producer New Classics Media Corp. for 3.32 billion Chinese yuan from Beijing Enlight Media Co. Ltd., according to a March 12 filing. Tencent will become the second-largest shareholder, with veteran producer Cao Huayi remaining as largest shareholder with a 33.3% stake.


* U.S. construction project management software developer InEight Inc. on March 19 said it will acquire Australia-based QA Software Pty. Ltd. Financial details of the deal were not disclosed.

* SoftBank Group unit SoftBank Group International GK is hiking its shareholding in Grofers International Pte Ltd. unit Grofers India Pvt. Ltd. to as much as 40% by investing US$40 million into the Indian online grocery platform, Times News Network reported March 16.

* Wipro Ltd., an India-based IT, consulting and business process services provider, on March 14 said it agreed to divest its hosted data center services business to Ensono for US$405 million.

* Wipro on March 10 said it completed its investment in U.S.-based security software provider Denim Group Ltd.


* Digital football business Dugout Ltd. agreed to acquire News Corp.'s mobile and online platform ballball, according to a March 13 press release.

* Singtel, through its unit Singtel International Investments Pvt. Ltd., completed a deal to purchase 85,450,000 new equity shares in Bharti Telecom Ltd., with the Singaporean telco paying 26.5 billion Indian rupees in an all-cash transaction, according to a March 12 news release.

* Fairfax Media Ltd. said March 6 that the merger agreement between its New Zealand business Stuff Ltd. and NZME Ltd. has been terminated.


* China's Ant Financial Services Group struck a deal to take a 45% stake in Norwegian mobile operator Telenor ASA's Telenor Microfinance Bank. The Alibaba Group Holding Ltd. affiliate will invest US$184.5 million into the Pakistan-based lender, according to a March 13 statement.

* Philippine telco giant PLDT Inc. said March 12 that it is considering plans to sell its stake in Rocket Internet SE to supplement funding requirements in 2018.

* India's National Company Law Tribunal on March 8 approved the merger of Bharti Airtel Ltd. with Telenor India.

S&P Global Market Intelligence provides links to external sites where these offer further, relevant information to our readers. While we ensure that such links are functional at the time of publication, we are not responsible in instances where those links are unavailable later.