Page 11 - Patrick Grove News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Group have also made a joint proposal to iCar Asia’s directors to buy the rest of the company from its...

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 ...

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...

June 27, 2021 The Singapore Women's 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 Women's 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 touches on grit and overcoming life’s challenges. In our pilot episode , we spoke to Jenny Tay, daugh...

Business Scoop provides news and views on Business and Markets from New Zealand