Innovation Network Corp of Japan

China's Foxconn overrides Japan's Innovation Network Corp. over Sharp bid

Foxconn has put forth a highly tempting offer of over $5 billion in front of the almost-bankrupt Sharp Corp, which well exceeds its current valuation at $1.8 billion. The other potential buyer, Innovation Network Corp. of Japan, who was already very confident, is not so sure of a win right now. Foxconn's bid amount not only surpasses Innovation's $2.5 billion, the Taiwanese firm has also offered to absorb all of Sharp's debts and not make any top management replacements. While the board does not want their Japanese seller to fall under any kind of foreign control, the decision needs to be based purely on deal economics and not political considerations.

Read Full Article

Japanese state-backed fund INCJ picks up minority stake in robotic hand maker Squse–sources

State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.

Read Full Article

KKR considers joining forces with Japanese investment fund to buy Panasonic unit- reports

Media reports said US private equity firm KKR was considering an alliance with a Japanese government-backed investment fund for its bid of the healthcare unit of Panasonic.

Read Full Article

Japan Display plans USD 2 billion IPO - source

A source told Bloomberg that Japan Display would be holding an initial public offering to raise JPY 200 billion or USD 2 billion.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics