Softbank Corp is reportedly in discussions with T-Mobile owner Deutsche Telekom AG to thresh out obstacles for a potential T-Mobile acquisition, according to sources interviewed by Bloomberg.
Japan
Nintendo Co to consider new businesses after consumers snub Wii U console
After consumers gave its Wii U console the brush off, Nintendo Co is considering other businesses such as its healthcare-related entertainment business while not losing its focus on hardware and software, Bloomberg reported.
Cygames invests $680K in Japanese indie game Airship Q
Japan-based games developer Cygames, the creator of top-grossing mobile game Rage of Bahamut, invested around $680,000 (JPY70 million) in Miracle Positive, the developer of Japanese indie game Airship Q.
Survey shows improving Japanese sentiment, equities lifts regional investor sentiment
The latest Manulife Investor Sentiment Index for Asia showed that an improved investor sentiment in Japan and an improving view towards equities brought up the investor sentiment in the Asian region.
American car booking firm Uber to invade Asia Pacific market -source
San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
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New York, US-based private equity firm Cerberus Capital Management LP decided to exit its entire majority interest in Japan-based property operator Kokusai Kogyo Co in a deal valued between $1.25 billion to $1.34 billion.
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
Japan-based railway and hotel group Seibu Holdings Inc and top shareholder Cerberus Capital Management LP agreed on a Tokyo listing for the Japanese firm in April, according to sources familiar with the situation.
Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.
Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
Nomura Holdings Inc, through Nomura Asset Management, will be purchasing ING Securities Investment & Trust Co, the Taiwanese investment unit of Dutch company ING Groep NV, Bloomberg reported.
Japanese trading house Marubeni Corp announced on Friday that it had bought a 100-megawatt (MW) gas power facility in Tokyo and is also planning to add further 200 MW of local capacity in 2016.
Schaft Inc Co-Founder Takashi Kato has launched 246 Capital, a fund that seeks to invest in technologies by Japanese startups and universities not noticed by investors, Bloomberg reported.
