Softbank has completed its £24B cash acquisition of ARM Holdings

IOTGlobe One of the biggest tech deals this year — and the biggest ever in the UK — has now closed. Today, Softbank announced that it has completed its acquisition of ARM Holdings, the semiconductor firm that it said in July it would acquire for £24 billion in cash (around $32 billion in today’s currency, $31 billion at the time of the deal) in July, in order to make a big jump… Read More

Primavera, Alibaba’s Ant Financial dunk $460M into KFC’s new spinout Yum China

5103683633_e1e4a5247a_b After raising $4.5 billion at a $60 billion valuation earlier this year, Alibaba affiliate Ant Financial — which operates the Alipay payments service — is hungry to put some of that money to use to build out its business. The company, alongside key Alibaba investor Primavera Capital, is investing $460 million into Yum China, a new spinout from Yum Brands — the parent company… Read More

India’s financial giant Paytm nabs $60M at $4.83B valuation, raising $240M more

india iphone apple On the heels of large investments made in Flipkart and Snapdeal, another e-commerce juggernaut in India is closing in on an outsized round of funding to tap into India’s fast-growing, smartphone-fuelled economy. Paytm — a catch-all digital commerce platform that lets users create online and mobile digital wallets and use its e-commerce platform to pay for goods, services and… Read More