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Carsome Group will acquire iCar Asia in a deal worth $200M – TechCrunch

Carsome Group will acquire iCar Asia in a deal worth $200M Southeast Asia’s car marketplace wars are going into high drive. Today Carsome Group, one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. Carsome has agreed to acquire 19.9% of iCar Asia from Malaysia internet conglomerate Catcha Group. In exchange, Catcha Group will become a shareholder in Carsome Group. Carsome and Catcha Grou...
Eric Cheng Patrick Grove Softbank Vision Fund Catcha Group Carsome Group Southeast Asia

iCar Asia shares leap 40% on $250 million takeover offer

iCar Asia shares leap 40% on $250 million takeover offer MENUMENU July 13, 2021 September 6, 2020 June 25, 2021 July 13, 2021 iCar Asia shares leap 40% on $250 million takeover offer Simon Thomsen - July 13, 2021 2 MIN READ Photo: AdobeStock A takeover bid for ASX-listed online car sales venture iCar Asia by rival Singaporean car e-commerce platform Carsome has pushed the shares up more than 41% in early trade today. The non-binding acquisition proposal from Carhome at $0...
Herbert Smith Freehills Patrick Grove Luke Elliott Goldman Sachs Catcha Group Patrick Grove Catcha Group

Malaysia's Carsome Turns Unicorn in Deal to Buy ICar Stake

Yoolim Lee, Bloomberg News (Bloomberg) -- Southeast Asian used car marketplace Carsome Group has become Malaysia’s first technology unicorn as part of a share-swap deal that will see the startup take a stake in iCar Asia Ltd. Carsome agreed to acquire 19.9% of Australia-listed automotive portal iCar from Catcha Group, the largest shareholder of ICar with a 30% stake. In return, Catcha will become a shareholder of six-year-old Carsome, boosting the startup’s valuation to more than $1 b...
Eric Cheng Patrick Grove Car Asia Ltd Softbank Vision Fund Goldman Sachs Group Inc Herbert Smith Freehills

7 inspiring podcasts for female entrepreneurs

June 27, 2021 The Singapore Womens Weekly Whether you are looking for conversations about entrepreneurship and careers, marketing and business strategies, or even pushing through failure, there is something for everyone in these inspirational podcasts. 1. Great Women of Our Time by The Singapore Womens Weekly Yes, we’re plugging our new podcast, where we bring on board inspiring female guests and their journey through motherhood and their career. Hosted by editor Elizabeth Lee, it also touch...
Jenny Tay Amanda Boleyn Natalie Ellis Roland Tay Jim Rogers Jenna Kutcher

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Homegrown Australian Technology Stars Back eSignatures Push

Nitro Software (ASX: NTO), a global document productivity company, has begun a campaign to make electronic signatures a permanent feature of the Australian business landscape, and tech leaders of Australian-born companies with a combined value of more than A$100 billion have added their voices to the campaign.  
City Of United Kingdom San Francisco United States Patrick Grove Sam Chandler

iTWire - Nitro leads campaign push on electronic signatures

iTWire Thursday, 10 June 2021 17:14 Nitro leads campaign push on electronic signatures Shares Sam Chandler, Nitro founder & CEO ASX-listed Nitro Software, a firm that had its origins in Melbourne and offers a service to create, edit and sign PDFs and digital documents, has begun a campaign it says will make electronic signatures a permanent feature of the Australian business landscape. According to Nitro, tech leaders of Australian-born companies with a combined value of more...
Patrick Grove Sam Chandler Senate Economics References Committee San Francisco Headquartered Nitro Mike Cannon Brookes Federal Government
Source: itwire.com

Catcha Group's past and present fight for Malaysia's digi ad future

Get free access to 8 stories, instantly. Register for a free account. Get a free story every week, and unlimited access to all the free stories we’ve ever written. Sounds good, right?Register for free "An article from The Ken has become an intrinsic part of my daily news diet." Nandan Nilekani, Former Chairman, UIDAI Welcome to The Ken As a part of the Learning and Development program at Myntra-Jabong, you have complete access to 300+ original daily stories over the next year, 500+ previously...
Asia Bhd Patrick Grove Catcha Group Media Prima Bhd Rev Asia ஆசியா ப்ட்

SPAC boom slows as $US129b cash pile hunts for deals

SPAC boom slows as $US129b cash pile hunts for deals Share The boom in blank-cheque sharemarket listings in the US has come to a shuddering halt as the so-called special purpose acquisition companies try to put $US129 billion to work in a hunt for deals that has reached Australian shores. SPACs are one of the hottest trends on Wall Street and last year the 248 listings raised $US82.6 billion, a total eclipsed in the first quarter with 298 deals attracting $US96.6 billion, according to Dealogic ...
White House District Of Columbia United States David Kostin Ian Taylor Gary Cohen
Source: afr.com

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