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acquisition

Guosen Securities plans to buy 53% of Vanho, heeding China’s call for brokers to combine

by Anas Siddiqui
Guosen Securities plans to buy 53% of Vanho, heeding China’s call for brokers to combine

Guosen Securities plans to buy control of a smaller rival in China’s technology hub of Shenzhen, answering the government’s call to consolidate the nation’s 12 trillion yuan (US$1.68 trillion) brokerage …

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Atlas Language School expands in UK with Liverpool acquisition

by Judith Hall
Atlas Language School expands in UK with Liverpool acquisition

The newly announced acquisition becomes Atlas’ fourth year-round language school in Europe. Founders of Imagine English, Tim and Amanda Morley, will continue in their roles and remain integral to the …

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Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

by Edgar Davis
Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

While the best startups are doing well, even in this tough venture capital market, others are struggling to raise new funding. If they can’t raise and haven’t become self-sustaining businesses, …

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OpenAI buys Rockset to bolster its enterprise AI

by Edgar Davis
OpenAI buys Rockset to bolster its enterprise AI

OpenAI has acquired Rockset, which builds tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to …

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Ravi Kumar’s huge M&A bet at Cognizant will have shareholders on the edge of their seats

by Edgar Davis
Ravi Kumar’s huge M&A bet at Cognizant will have shareholders on the edge of their seats

CEO of Cognizant; Image credit: company Synopsis For years, Cognizant has struggled to grow revenues and margins. Its new CEO Ravi Kumar S knows that incremental measures won’t work. He …

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US ambassador to Japan urges Tokyo to help quickly replenish US missile inventory

by Walter Watson
US ambassador to Japan urges Tokyo to help quickly replenish US missile inventory

“The goal here is not more meetings. The goal is production,” Emanuel said, adding: “Those who want to do harm to the United States are not going to wait for …

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Shopify acquires Threads (no, not that one)

by Edgar Davis
Shopify acquires Threads (no, not that one)

Shopify has acquired Threads.com, the Seqiuoa-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join …

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Former finance chief Antony Leung’s New Frontier buys Hong Kong cancer centre as it eyes expansion in Greater Bay Area

by Anas Siddiqui
Former finance chief Antony Leung’s New Frontier buys Hong Kong cancer centre as it eyes expansion in Greater Bay Area

“Through this partnership, surgeons, oncologists, and other allied health specialists will create a nationwide multidisciplinary cancer network,” New Frontier said. The group’s major goal was to establish “a mutually complementary …

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HSBC’s Silicon Valley Bank UK acquisition raises Hong Kong lender’s tech profile with clients, start-ups

by Anas Siddiqui
HSBC’s Silicon Valley Bank UK acquisition raises Hong Kong lender’s tech profile with clients, start-ups

Just over a year after HSBC Holdings acquired the UK unit of Silicon Valley Bank (SVB) for £1 (US$1.27), wealthy customers from Hong Kong and the rest of Asia are …

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NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

by Horatio Thompson
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the …

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