BRIEF-Axiata Group's Digital Services Arm Announces Strategic Minority Investment By Mitsui & Co Ltd
In this article:
May 3 (Reuters) - Axiata Group Bhd:
* AXIATA DIGITAL SERVICES SDN. BHD ANNOUNCES A STRATEGIC MINORITY INVESTMENT BY MITSUI & CO., LTD
* INVESTMENT ESTABLISHES PRE-MONEY ENTERPRISE VALUE OF $500 MILLION FOR CORE DIGITAL BUSINESSES OF AXIATA DIGITAL
* AXIATA DIGITAL TO TRANSFER REST OF ITS PORTFOLIO, DIGITAL VENTURE (DV) ASSETS, TO AN INTERNATIONAL INVESTMENT FUND
* DIGITAL VENTURE ASSETS TRANSFERRED TO PEGASUS 7 VENTURES PTE LTD AT A VALUATION OF US$140 MILLION Source: https://bit.ly/2LkzNNE Further company coverage:
