Despite continued speculations that it would go public, Japan-based messaging app Line said it did not see the need to hold an initial public offering.
Japan
Google, KKR invests USD400 million in solar plant project
Search engine giant Google and private equity company KKR & Co. will be financing a solar power plant project for USD400 million. Six solar power plants were being built by Recurrent Energy LLC in California and Arizona.
Japanese app maker Moneytree receives USD1.6 million in seed funding
Moneytree obtained USD1.6 million in a seed investment round participated by private investors including high-level executives from companies that include PayPal, MasterCard and Morgan Stanley.
Lone Star wins bid to acquire Osaka prefecture-owned assets - sources
The government of Osaka prefecture's exit from the OTK Group was its strategy to privatize the latter.
Kenko.com Inc unit files suit against proposed ban on online drug sales
Rakuten Inc sought court action to stop the passage of the bill to prohibit the over the counter sales of certain drugs over the Internet.
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Panasonic Corp said it could now afford deals worth JPY 100 billion as the company moves towards profits.
Zendesk and Tokyo-based Cybozu's new partnership agreement would have both firms embarking on a joint product integration and marketing efforts to boost each other's product in Japan and the US.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
Supercell Oyj and SoftBank had agreed on a USD1.53 billion deal in the hopes of gaining a significant market share in mobile gaming
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
Global stocks went down slightly after the US Federal Reserve provided a dim US economy Global stocks took a small hit on Thursday after the US Federal Reserve wagered an outlook of the state of the U.
Significant drops in stocks took place in Asia after the U.S. Federal Reserve Board pared economic stimulus.
Sony Corp cuts yearly forecast amid losses incurred. Giant Japanese electronic exporter Sony Corp. cut its annual profit forecast, according to a report by Bloomberg.
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
