Japanese Media Platform Nikkei acquired online media Deal Street Asia
TOKYO-- Japanese media platform Nikkei acquires a majority stake in DealStreetAsia, a Singapore-based online media startup.
As per the press release, Deal street asia focus on corporate investment activity in Southeast Asia and India.
The deal will enable the Japanese media group to deepen its coverage of the fast-growing Asian startup ecosystem and tech industries, Nikkei said in a news release.
The terms of the transaction were not disclosed.
Nikkei bought DealStreetAsia shares from existing investors SPH Ventures, North Base Media, Alpha JWC, K2 VC and SGAN, as well as from angel investors such as Paytm CEO and founder Vijay Shekhar Sharma and prominent American investor Jim Rogers. Indian business daily Mint, published by the Hindustan Times, will remain a mino...