Announced

Nikkei to acquire a majority stake in DealStreetAsia.

Synopsis

Nikkei is acquiring a majority stake in DealStreetAsia, a Singaporean startup that tracks private equity and venture capital activity, deals and fundraising and startups across Southeast Asia and India. Financial terms were not disclosed. The deal allows Nikkei, owner of the Financial Times and publisher of another Asian news title Nikkei Asian Review, to deepen its coverage of the Asian startup ecosystem, corporate news and data services. “Joining forces with Nikkei will help us accelerate our mission of helping the PE-VC industry and dealmakers understand the changing megatrends in this space,” said DealStreetAsia founder and editor-in-chief Joji Thomas Philip.

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