Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Tokyo-based Abeja announced that it has formed a capital and business alliance with Japanese insurance giant Sompo Holdings (TSE:8630). Sompo acquired 21.9% of the outstanding shares from Abeja’s five existing shareholders: INCJ, Salesforce.com, Mizuho Capital Mitsubishi UFJ Capital, and Itochu (TSE:8001). The startup became an affiliate of the insurance conglomerate. Founded in September of 2012, […]

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Toshiba receives ¥2 tril acquisition offer from global fund

Toshiba receives ¥2 tril acquisition offer from global fund

Toshiba Corp says it is considering a preliminary acquisition proposal that would take the technology conglomerate private. Toshiba said Wednesday that it asked for more details on the proposal it received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.” Trading in the company’s shares was suspended. The major […]

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