Financially distressed VideoconBSE 3.91 % Group may give up India rights for two global brands — Philips in the TV business and Electrolux in appliances — after being unable to sustain production without working...
Electronics
Toyota affiliate Denso buying stake worth $800 million in chipmaker Renesas
Japanese auto parts supplier Denso Corp (6902.T) is buying an additional 4.5 percent stake in chipmaker Renesas Electronics (6723.T) in a deal worth $800 million based on market prices, as car makers accelerate the...
GE moves to sell part of overseas lighting business
U.S. industrial conglomerate General Electric (GE.N) has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount. Bauer most...
Qualcomm meets Broadcom to discuss $121 billion acquisition offer
Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest...
Ridaex Tech acquired by their branding partner GotMatter Pvt Ltd
GotMatter Pvt Ltd a Bangalore based IT & E-Commerce company has succeeded in acquiring Ridaex Technologies which had made a name for itself by manufacturing the 1st Indian Made LED Smart TVs. In fact, this is the...
Broadcom unveils $121 billion ‘best and final’ offer for Qualcomm
Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology...
Broadcom to raise Qualcomm bid in push for talks, sources say
Broadcom Ltd plans to unveil a new approximately $120 billion offer for Qualcomm Inc on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter...
Motorola to buy Canadian security camera maker Avigilon for C$1.2 billion
Walkie-talkie maker Motorola Solutions Inc (MSI.N) said on Thursday it would buy Canadian security camera maker Avigilon Corp (AVO.TO) for C$1.2 billion ($978 million) cash. Motorola’s offer of C$27 per Avigilon share...
Videocon Industries moves Bombay HC against SBI, RBI; hearing today
Videocon Industries has moved the Bombay High Court against State Bank of India and the Reserve Bank of India and the Union government, appealing to the court to stay the lender’s move to send the company to...
Japan’s Renesas dismisses report on talks to buy Maxim
Renesas Electronics Corp dismissed a media report that said the Japanese automotive chip maker was in talks to acquire U.S. chipmaker Maxim Integrated Products Inc. Earlier, CNBC reported that discussions were ongoing...
Dell considering acquisitions or possible IPO – sources
U.S. computer maker Dell Technologies Inc is exploring a range of options that could see the world’s largest privately held technology company grow further through acquisitions or go public, people familiar with the...
Toshiba considering IPO for memory chip unit: FT
Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on...
