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Financials / Deals

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Axel Springer heirs sell shares

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...

Career Index invests in Wakrak.jp

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...

Flat Monthly nets seed funding worth $320k

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...

Alibaba in talks to acquire Kaola

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...