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Saavn and JioMusic streams merge

Reliance Industries has agreed to merge its digital music platform, JioMusic, with streaming service Saavn, investing up to $100m in the combined business.

Mar 26, 2018

Google goes for Lytro acquisition

Qualcomm, Huayi Brothers and Foxconn are set to exit the light-field imaging technology developer in a deal reportedly worth between $25m and $40m.

Mar 23, 2018

Meituan-Dianping gears up for $60bn IPO

The local services platform is exploring an IPO in Hong Kong at a $60bn valuation, setting up Tencent, Priceline, Xiaomi, Fosun and Wanda for exits.

Mar 23, 2018

Naspers nets almost $10bn in Tencent share sale

Naspers, which invested $32m in the internet group in 2001, three years before its IPO, will reduce its stake from 33.2% to 31.2%.

Mar 23, 2018

Dropbox stores $756m from IPO

Existing investor Salesforce invested another $100m in a private placement, as the file storage platform floated above its range at an $8bn+ valuation.

Mar 23, 2018

Editorial: Li Ka-shing and Tencent shine spotlight on Hong Kong

Naspers' Tencent share sale and the legacy of investor Li Ka-shing indicate the capital generated in Hong Kong in recent years.

Mar 23, 2018

Diageo brings Belsazar on board

Vermouth brand Belsazar is the first portfolio company of Diageo-backed accelerator Distill Ventures to be acquired by the corporate.

Mar 21, 2018

Salesforce musters $6.5bn for Mulesoft acquisition

Salesforce has agreed to buy Mulesoft, a portfolio company that has more than doubled in value since its 2017 IPO, in a deal with an enterprise value of $6.5bn.

Mar 21, 2018

DocuSign signs for confidential IPO filing

DocuSign, valued at $3bn as of its last funding round, has confidentially filed for an initial public offering that would offer exits to more than a dozen corporate investors.

Mar 20, 2018

Arcus accomplishes $138m IPO close

The cancer immunotherapy developer, backed by GV, Celgene, Novartis and Taiho Ventures, has closed the offering after the underwriters bought another $18m of shares.

Mar 20, 2018

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