Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage,”...
Legrand to focus on IoT, automation; scouting for more acquisitions
French electricals and digital building infrastructure major Legrand expects IoT, energy efficiency, connectivity, and user-interface product verticals to drive its business in India, contributing the bulk of its...
Toshiba announces plan to split into 3 firms, shareholder reaction in focus
Japan’s Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure business as well as its device and storage...
Japan’s Toshiba says considering split into three separate units
Toshiba Corp is considering splitting itself into three companies focused separately on infrastructure, devices and memory chips, a spokesperson said on Monday, a move that could address the Japanese firm’s...
Reconsideration after selection of bids possible under law: Videocon lenders to NCLAT
Lenders to Videocon group on Wednesday requested the insolvency appellate tribunal NCLAT to allow them to reconsider Twin Star Technologies’ bid for the debt-laden group. Twin Star Technologies had earlier emerged...
Nvidia offers EU concessions over $54 billion Arm deal
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. The deal announced by world’s...
Oppo, OnePlus merge India R&D operations; to launch integrated OS next year
Chinese handset makers Oppo and OnePlus are working together to bring an integrated operating system by merging their Oxygen OS and Color OS by early next year. This follows their recent merger at the group level, with...
NCLAT admits Venugopal Dhoot’s petition against Anil Agarwal’s Twin Star takeover bid
The National Company Law Appellate Tribunal (NCLAT) has admitted the petition filed by former Videocon group Chairman and Managing Director Venugopal Dhoot challenging the earlier order of the insolvency court NCLT...
MCA petitions NCLT seeking attachment of assets of videocon promoters
The Government of India’s ministry of corporate affairs (MCA) has filed a fresh petition in the Mumbai’s National Company Law Tribunal (NCLT) seeking permission to attach the assets of Videocon promoters to...
SC gets plea on Videocon deal verdict
Anil Agarwal-controlled Twin Star Technologies Ltd has appealed in the Supreme Court against the National Company Appellate Tribunal’s (NCLAT) stay restraining the takeover of Videocon Industries, in a new twist to the...
Foxconn to buy semiconductor manufacturing facility
Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of...
Qualcomm tops Magna’s bid with $4.6 billion offer for Veoneer
Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada’s Magna International Inc that was accepted by Veoneer’s...
