【Exclusive】Indian Real Money Gaming Startup Moonfrog Labs Acquired By Stillfront Group This deal will be the entry of Stillfront in the Indian market where it has bought 91% stake for $90 million (INR 656Cr) on a cash and debt free basis. The rest of the 9% stake will happen in 3 tranches till 2023 based on Moonfrog's performance
Tinder Parent Match To Buy Korean Social Media Firm Hyperconnect For $1.73B Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies.
Tencent Music to Buy Audiobook Platform Lazy Audio for $416 million Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows.
Indian Edtech Unicorn Byju’s To Buy Blackstone-backed Offline Tutor Aakash Institute For $1b India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion, according to a person with knowledge of the talks. The deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months, said the person, who didn’t want to be identified as the information is private.
Fosun Buys Chinese Baijiu Liquor Maker For $694m in Local Pivot Fosun International Ltd. is acquiring a controlling stake in Sichuan Tuopai Shede Group Co., boosting its presence in the coveted baijiu liquor sector as the Chinese conglomerate led by billionaire Guo Guangchang pivots inward for growth.
PE Firm Apax to Acquire 3i Infotech’s Software Products Business For Rs1,000 Cr The software products business will be acquired by a newly formed company named Azentio Software, wholly owned by Apax. The sale of the business will help 3i Infotech to facilitate repayment of all existing debt exposure of the company, scale up other existing business segments.
SG's PropertyGuru Further Expands Footprint in Malaysia with Acquisition of Myproperty Data PropertyGuru aims to “strengthen its commitment” in Malaysia and provide property data and insights to various stakeholders — ranging from agents and financial institutions to home buyers and credit rating agencies.
Taiwan's FunNow Acquires TableApp to Enable Malaysia's Restaurants to Sell Their Empty Tables at The Last Minute The TableApp team will join FunNow at its Malaysia office in Kuala Lumpur, while its core restaurant reservation and table management tools for merchants will continue to operate as standalone applications.