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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 $0.55 cents a share pips a previous offer last year at $0.50 cents from China’s Autohome. iCar Asia ...

Carsome, Catcha Group partner to acquire iCar Asia in $200m deal July 13, 2021 Southeast Asian used car trading platform Carsome announced that it will be acquiring a 19.9% stake in ASX-listed iCar Asia Ltd from Catcha Group, according to a company statement. Carsome and Catcha group have also made a joint proposal to acquire the rest of the 80.1% of iCar from its shareholders in a total transaction value of more than $200 million. The deal will create the largest digital automotive marketplace in the region, the statement added. According to the announcement, Catcha Group will become a share...

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 billion. Following the share swap, Carsome will offer to buy the remaining 80.1% in iCar from existin...

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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 than $100 billion have added their voices to the campaign.   The San Francisco-headquartered Nitr...