iflix, the Southeast Asian largest digital entertainment service, has announced the finalisation of a new round of investment to drive growth ahead of a prospective IPO. This latest round was cornerstoned by Fidelity International, a global asset manager with $379.2 billion assets under management. As part of the round, iflix also welcomes some of the […]
South Africa’s Government Employees Pension Fund (GEPF) is being advised to cut dramatically its shareholding in the nation’s biggest company, Naspers. Naspers has done well for the GEPF, but the fund is now being advised that having most of its Rand 245 billion (€15.1bn) stake in one company means that it is over-exposed. Its holding […]
Indonesia pay-TV operator PT Media Nusantara Citra, which owns MNC Vision Networks – a pay-TV platform which Vivendi was reported to be looking to acquire – suffered a stock sell-off of 25 per cent on June 17th , and bounced back 15 per cent on June 19th, and consequently a net 10 per cent drop […]
Japan’s giant SoftBank conglomerate is contemplating an IPO for a portion of its $100 billion Vision Fund according to Reuters. The fund was launched in 2017 by Masayoshi Son with – mostly – Saudi Arabian cash and in the process created the world’s largest private technology-based equity fund. Other funding comes from Qualcomm, Apple, Foxconn, […]
Digi-Capital’s Games Report Q1 2019 tracked games companies raising $5.7 billion (€4.9bn) in 2018, which was over twice the previous record investment from 2017. Tim Sweeney’s Epic Games’ $1.25 billion was not only the largest round raised last year, it was the largest non-IPO games investment of all time. The only larger single amount raised […]
A Swedish company, Ovzon, which in October booked a satellite launch contract from SpaceX, has now confirmed it has ordered a geostationary satellite from Space Systems/Loral. But there are conditions. Ovzon says that the craft will provide broadband services, but first it has to raise the cash to fund the purchase. Ovzon says it has […]
One of Kuwait’s sovereign wealth funds, KIPCO is looking to sell its stake in Dubai-based pay-TV operator OSN (the former Orbit-Showtime Network). Goldman Sachs has reportedly been hired to find a buyer. While the reports have not said that KIPCO has ‘had enough’ of being patient with OSN, the most recent data indicates that its […]
This year’s record $25 billion games deals over just 9 months could mean we’ve hit the top of the market, as detailed in Digi-Capital’s new Games Report Q4 2018. Last time this happened, games investment and M&A plunged into a games deals ice age at the lowest level in a decade. The games deals cycle has […]
Fast-growing high-end wireless audio specialists Sonos is to mount an Initial Public Offering (IPO). California-based Sonos, which has not made an annual profit since 2014, issued its regulatory filing on July 6th, and reported a 10 percent rise in revenues for 2017 (to $992.5 million) and a net loss of $14.2 million, itself down on […]
Chinese smartphone maker Xiaomi has filed to list on Hong Kong stock market, in a move that is expected to raise up to $10 billion (€8.35bn). The stock market flotation will be the world’s biggest debut in 2018 accordng to the BBC, and the largest since fellow China tech giant Alibaba’s raised $25 billion in […]