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New Deal


Announced

Nikkei to acquire a 14.79% stake in DC Frontiers.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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artificial intelligence

Friendly

Acquisition

Private

Single Bidder

Software

Singapore

Minority

Pending

Synopsis

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Nikkei, books and magazine publisher, has acquired a 14.79% stake in DC Frontiers, an artificial intelligence tech start-up. Financial terms were not disclosed. DCF will work with Nikkei and the Financial Times to jointly develop various features of scoutAsia utilizing its technologies and data. scoutAsia is a service that provides users with a comprehensive English-language database of Asian companies alongside reliable Asian business news.

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