Tag: acquisition

Foxconn Acquires Sharp in $3.5 Billion Deal

Foxconn Technology Group and Sharp Corporation signed a deal on April 2 for the Taiwan-based electronic contract manufacturer to acquire the Japanese consumer electronics firm for $3.5 billion. The final deal, approved on March 30, is nearly $2.5 billion less...

/ April 5, 2016

Chinese Conglomerate Acquires Ingram Micro for $6 Billion

Shuang Shan In the largest Chinese acquisition of a US IT company ever, aviation and logistics conglomerate HNA Group bought technology distributor Ingram Micro Inc. for $6 billion in cash on Wednesday. Tianjin Tianhai Investment Co Ltd, a unit of...

/ February 19, 2016

Chinese Buyers Acquire Opera Software for $1.2 Billion

Shuang Shan A group of Chinese companies, led by Internet security firm Qihoo 360 Technology, offered to acquire Norwegian company Opera Software ASA for a total of $1.2 billion on Wednesday. Opera Software produces Opera Web Browser, the sixth most...

/ February 12, 2016

Possible Multi-Billion Dollar Offer Would Mark Largest Chinese Acquisition Ever

Shuang Shan Update: ChemChina’s $43 billion cash bid to acquire Syngenta was green lighted by Syngenta’s board of directors Wednesday, making it the largest acquisition of a foreign company by Chinese business. As part of the deal, ChemChina will pay...

/ November 19, 2015

Anbang Adds $1 Billion Korean Company to its Conquests

By Ellen Huber China’s state-owned Anbang Insurance Group Co. Ltd. has signed a memorandum of understanding to acquire a 57.5 percent stake in South Korea’s Tong Yang Life Insurance Co. for about 1.1 trillion Korean Won ($1.01 billion), according to...

/ February 6, 2015