Myer to join forces with billionaire Solomon Lew’s Premier in $864m deal
Billionaire Solomon Lew’s Premier Investments is merging its apparel brands with department store chain Myer Holdings, cementing their dominance in Australian retail.
Jonathan Burgos, Forbes Staff
Singaporean billionaire’s Ho Bee Land sparks bidding war for Australia’s AVJennings
Ho Bee Land—controlled by Singaporean billionaire Chua Thian Poh—has offered to buy AVJennings in a deal valuing the Australian home builder at A$391 million ($242 million), sparking a bidding war with American real estate giant Proprium Capital Partners.
LVMH billionaire Bernard Arnault receives Malcolm S. Forbes Lifetime Achievement Award
Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok.
Atlassian bets on big hybrid work with $1.5 billion Loom purchase
Atlassian—the team collaboration software company cofounded by Mike Cannon-Brookes—said Thursday it has agreed to buy video messaging platform Loom for $975 million, betting more work will be done remotely in the future.
Asia’s billionaires ramp up hotel investments amid post-pandemic travel boom
Singapore’s robust travel rebound has captured the attention of many of the region’s richest hoteliers.
Billionaire Mike Cannon-Brookes buys collapsed mega solar project
Helietta Holdings—an investment vehicle controlled by tech billionaire Mike Cannon-Brookes’ Grok Ventures—has agreed to acquire the assets of Sun Cable, months after the project that was once touted as the world’s largest solar energy initiative went into liquidation amid shareholder disagreements.
BHP offers to buy Oz Minerals for $9.6 billion
The world’s biggest mining company by market cap wants to boost its exposure to raw materials used in electric vehicles and clean energy production.
Australia’s AGL Energy to accelerate exit from coal power as billionaire activist installs board nominees
Australian utility AGL Energy will accelerate the phase out of coal power after its controlling shareholder, billionaire activist Mike Cannon-Brookes, installed four of his nominees to the company’s board.
GGV Capital’s Jenny Lee rises
Jenny Lee arrived in China just as it was transitioning from PC-based tech. Look what happened next.