Dive Brief: Twitter has taken a minority stake in digital ad firm Aleph Group, which is the social media site’s exclusive advertising partner in 74 countries where it doesn’t have a local presence, per a press release. Financial terms were not disclosed. With its investment, Twitter hopes to support Aleph’s […]
invests
KKR-led consortium invests $650m in Vietnam’s Vinhomes
HANOI — A consortium led by U.S. private equity powerhouse KKR that includes Singapore’s state investor Temasek Holdings, announced Tuesday that it isinvesting $650 million in Vinhomes, the housing development arm of Vietnamese conglomerate Vingroup. The stake purchase will give the consortium 6% of Vinhomes, while Vingroup will remain the controlling shareholder. KKR […]
SoftBank invests in Credit Suisse funds that finance its technology bets
LONDON (Financial Times) — SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Japanese technology conglomerate’s Vision Fund. SoftBank made the investment into the Swiss bank’s $7.5bn range of supply-chain finance funds, […]
Fujifilm invests $930m in Denmark to double bio-drug output
TOKYO — Fujifilm Holdings, developer of anti-flu treatment Avigan, will invest about 100 billion yen ($928 million) to ramp up production of biopharmaceuticals at its plant in Denmark, the company announced Tuesday, in response to increasing demand for medicines as therapeutic agents. Toward that end, the Japanese company will double […]
Facebook invests $5.7bn in Indian telecom giant Jio Platforms
PALO ALTO, U.S. — Facebook announced on Tuesday it has invested $5.7 billion to take a 9.99% stake in Jio Platforms, the telecom operator owned by Indian conglomerate Reliance Industries. The deal makes the U.S. social media giant the largest minority shareholder in telecom provider Jio, which is less than […]
France’s Total invests $500m in India renewables with Adani Group
TOKYO — French energy supermajor Total has invested more than 37 billion rupees ($487 million) to form a renewable power joint venture with India’s Adani Group. The deal, finalized Tuesday, splits the ownership 50-50 between Total and the Indian conglomerate’s Adani Green Energy unit. The French company is pursuing clean energy amid the global push toward lower […]