Rebeka Shaid | August 16, 2019 | Financials / Deals
The grandchildren of Axel Springer — founder of Axel Springer SE — have tendered some of their shares to U.S. equity fund KKR as part of the investor’s bid to buy out minority shareholders. The heirs — Ariane Melanie Springer and Axel Sven Springer...
Tariq Ahmed Saeedi | August 16, 2019 | Recruitment, Financials / Deals
Tokyo-based recruitment information firm Career Index Inc. has invested an undisclosed amount in temp app Wakrak.jp through underwriting a third-party allotment of shares. Career Index hopes to create business synergies and growth in the informal job sector by...
Nicole Iman | August 15, 2019 | Real Estate, Financials / Deals
Singapore-based online rental platform Flat Monthly has received $320,000 U.S. in seed funding from Hong Kong’s Terra Capital. The company has set its sights on establishing a larger footprint across Southeast Asia. The site envisions a more mobile and flexible...
Angela Hawksford | August 15, 2019 | Real Estate, Financials / Deals
Profits at Domain, the No. 2 property site in Australia, tumbled 29% in the 2019 fiscal year, as property sales dropped to their lowest levels in more than 20 years. The company reported net profits of $37.4 million AUD ($25.3 million U.S.). CEO Jason Pellegrino said...
Greg Spencer | August 15, 2019 | Real Estate, Financials / Deals
Following the example set by competitors Redfin and OpenDoor, Keller Williams Realty is expanding its budding home-flipping business by tying up with established home flipper OfferPad. Keller Williams, the top-selling real estate franchise in the U.S., has entered...
Tom Marling | August 15, 2019 | Marketplaces, Financials / Deals
Alibaba is in talks with NetEase to acquire its cross-border e-commerce arm Kaola. It may merge the unit with its Tmall International platform, according to Technode.com. Alibaba could pay as much as $2 billion U.S. to complete the takeover, Sina Finance reported. The...
