NEWS
ASMedia to acquire Techpoint for new industries expansion
ASMedia and Techpoint have entered into a definitive agreement under which ASMedia will acquire all of the outstanding shares of Techpoint , including common stock underlying its Japanese Depositary Shares for US $ 20.00 per share in an all-cash transaction – which represents fully diluted equity value of approximately US $ 390 million .
“ ASMedia is a great partner for the future of Techpoint with access to a larger platform and resources to build on our existing momentum .
“ I believe the combination of our two businesses is positive news for all of our stakeholders , including our customers , employees a nd suppliers .”
“ This acquisition of Techpoint is a landmark step in ASMedia ’ s strategic development , which will broaden our business portfolio and accelerate our profitable growth ,” said Che-Wei Lin , President of ASMedia .
“ The Techpoint team has built a leading video connectivity technology serving the automotive and security industries , which is complementary and accretive to ASMedia ’ s high-speed transmission solutions . We look forward to working closely with the talented Techpoint team that has shared commitments to innovation to accelerate technology advancements .”
ASMedia intends to fund the transaction with cash on hand . The transaction , which is expected to close in the second quarter or early third quarter in 2025 , is subject to receipt of required regulatory approvals and the satisfaction of customary closing conditions , including approval by Techpoint shareholders .
“ We are pleased to have reached an agreement that we believe will deliver compelling value for our shareholders and support the long-term success of Techpoint ,” said Hiro Kozato , President and CEO , Techpoint .
Telstra and Accenture announce global AI joint venture
Telstra and Accenture have proposed joint venture ( JV ) to rapidly accelerate Telstra ’ s data and AI roadmap .
Steered by joint global leadership , the JV would comprise specialists from Telstra and Accenture ’ s Data & AI teams to build on Telstra ’ s work creating a world-class data and AI ecosystem , modernising its data and AI platforms and embedding responsible AI by design .
As part of the JV , Telstra would benefit from Accenture ’ s $ 3 billion AI investment in assets , industry solutions , ventures , acquisitions , talent and ecosystem partnerships , with access to the latest innovation in AI technologies and AI teams in Silicon Valley .
A key focus of the JV would be to reinvent business processes through new capabilities like agentic AI .
The proposed seven-year JV is subject to consultation with Telstra ’ s employees and unions in Australia and India .
Telstra CEO Vicki Brady said : “ Our data and AI ambition goes well beyond introducing AI tools . It goes to the heart of what we do – connecting Australia and Australians to the world .
Julie Sweet , Chair and CEO , Accenture , said : “ We are proud of our long-standing collaboration with a visionary leader like Telstra , and committed to accelerating its bold AI fuelled business strategy , which will set new standards for the telecom industry .”
The proposed JV would be 60 % owned by Accenture and 40 % Telstra – with Telstra retaining control over its data and AI strategy and roadmap , which the JV would help deliver .
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