Abrdn, the third-largest manager of investment trusts in the UK, announced that it will reinvest an amount equal to six months’ worth of management fees into all of its UK-listed investment companies. The move, which is subject to regulatory approval, will cover 17 trusts across equity, real estate and multi-asset classes, and is expected to…
TikTok invests $1.5bn in Tokopedia to revive e-commerce in Indonesia
TikTok, the social media giant, has announced a $1.5bn investment in Tokopedia, Indonesia’s largest e-commerce platform, in a bid to reopen its online shopping business in the country. The deal will merge TikTok’s popular Indonesian shop with Tokopedia, giving TikTok a 75% stake in the joint venture. The partnership, which will start with a pilot…
Lenovo Legion Go Review: A Powerful Handheld Gaming PC with Windows 11
If you are looking for a handheld gaming device that can run any Windows game or program, you might want to check out the Lenovo Legion Go. It is a new entrant in the handheld gaming market, competing with the likes of Steam Deck and Asus ROG Ally. It has a lot of impressive features,…
4DMedical signs deal to acquire Imbio for an initial $25 million
MELBOURNE, AUSTRALIA: Respiratory imaging technology company 4DMedical Limited has signed a binding agreement for the acquisition of Imbio, a U.S.-based medical technology company that uses artificial intelligence (AI) to turn standard-of-care CT scans into personalised medicine for transforming the way patients are diagnosed, treated, and managed. Imbio will be acquired for an upfront purchase price…
Pantera Minerals acquires Daytona Lithium in USA’s lithium brine hotspot
SYDNEY, AUSTRALIA: Pantera Minerals (ASX: PNA) has announced a major acquisition of Daytona Lithium, a company with a prime location in the USA’s lithium brine hotspot, Southwest Arkansas. The deal, worth A$0.05 per share, will give Pantera 100% ownership of Daytona’s 10,319 acres of lithium brine leases, as well as access to the expertise of…
Schibsted ASA to split into two companies, Tinius Trust to take over media business
OSLO, NORWAY: Schibsted ASA, the Norwegian media and online classifieds giant, has announced a major restructuring plan that will see its news media operations spun off into a separate company controlled by the Tinius Trust, the main shareholder of Schibsted. The trust, which was established by Schibsted heir Tinius Nagell-Erichsen in 1996 to safeguard the…
Reabold Resources boosts stake in LNEnergy and Colle Santo gas field
LONDON, UK: Reabold Resources plc, an oil & gas investing company, has increased its stake in LNEnergy Limited to 26.1% by investing £1,650,000 in exchange for new shares. LNEnergy holds an exclusive option over a 90% interest in the Colle Santo gas field in Italy, which has an estimated 65Bcf of 2P reserves and is…
Elixirr International has acquired Insigniam LLC and Insigniam SAS for $18.5 million
LONDON, UK: Elixirr International’s US subsidiary Elixirr Inc. announced the acquisition of all of the issued and outstanding membership interests of Insigniam LLC and Insigniam SAS (by Elixirr International ), for a maximum consideration payable of US$18.5 million. Insigniam is a US-headquartered consultancy firm with 50+ personnel specialising in supporting clients and executives to define…
Sigma Healthcare agrees to merge with CW Group Holdings
SYDNEY, AUSTRALIA: Sigma Healthcare Limited, a major Australian pharmaceutical wholesaler and pharmacy franchisor, has agreed to merge with CW Group Holdings, a leading retail pharmacy franchisor that operates under the Chemist Warehouse brand. The merger will create a full-service healthcare wholesaler, distributor and retail pharmacy franchisor with a market capitalisation of over $8.8 billion. Sigma…
Jeff Peters appointed CEO and MD of Platinum Asset Management
SYDNEY, AUSTRALIA: Platinum Asset Management Limited (ASX: PTM) announced the appointment of Mr Jeff Peters as Chief Executive Officer and Managing Director of the Platinum Group, to lead Platinum through the next phase of its 30-year history. Mr Peters joins Platinum following an extensive global search to replace co-founder Andrew Clifford as CEO following Andrew’s…
AJ Lucas appoints Greg Runge as CEO of Australian Operations
SYDNEY, AUSTRALIA: AJ Lucas Group announced the appointment of Greg Runge as CEO of Australian Operations effective from January 1, 2024. This appointment follows a thorough search and evaluation process of internal and external candidates, in consultation with an external executive search firm. Mr Runge will be responsible for and report to the Board on…
Google launches NotebookLM, a powerful AI writing assistant
Google has announced the official launch of NotebookLM, an AI-powered writing assistant that can help you organize, summarize, and improve your notes. The service, which was previously known as Project Tailwind, has undergone several performance upgrades and feature additions since its experimental debut at I/O 2023. What is NotebookLM and how does it work? NotebookLM…