Toshiba said to mull cancelling chip unit sale if no China approval by May


A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to complete the sale by the agreed deadline of March 31 as it was still waiting for approval from China’s antitrust authorities.

INCJ makes growth capital investments in Tokyo’s Optical Comb, PeptiStar

INCJ will be investing $3.7 million in Optical Comb while PeptiStar will get up to $7 million from the Japanese investor.

Insurance Australia Group to sell SE Asia businesses in $500m deal

Australia’s biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.

Eight Roads backs Japanese web analytics firm Plaid’s $25m round

Plaid’s Karte has analysed an accumulated total of 2.2 billion users and up to ¥548bn in annual sales.

APAC healthcare deals in 2017 hit record highs, trend to continue in 2018: Bain report

Asia Pacific’s disclosed deal value surged to $7.2 billion, with 61 deals in 2017, the highest level since 2001, the report noted.

Drug maker Shire rejects $63b Takeda bid as Allergan drops pursuit

Shire said Takeda’s proposals significantly undervalued the company’s growth prospects and drugs in development.

Blackstone assets rise 22% to $450b on fundraising growth

Blackstone has said it plans to double assets under management over the next five years.

Asia is the next destination for billionaire Steve Cohen’s Point72 Ventures

Asia presents a chance to “swing big” because it’s unburdened by technological infrastructure, particularly in financial services, said Matthew Granade, who oversees investments at the venture-capital arm of Cohen’s Point72 Asset Management.

P&G to acquire Merck’s consumer health business for about $4.21b

The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities.

IPO-bound Uber may rope in VMware’s Zane Rowe for CFO post

Before joining VMware, Rowe was CFO at Continental Airlines and led North American sales for Apple Inc.