* INVITAE ACQUIRES DIPLOID, MAKER OF ARTIFICIAL-INTELLIGENCE ENGINE TO ENABLE CLINICAL DIAGNOSIS USING WHOLE GENOME SEQUENCING IN MINUTES * INVITAE CORP – WILL ACQUIRE DIPLOID FOR APPROXIMATELY $95 MILLION *...
Tech Mahindra sells stake in Terra Payment Services
Tech Mahindra said it sold its stake in Terra Payment Services (Netherlands) BV and its subsidiaries to Prime V Holding and Partech Africa on a slump sale basis for an upfront payment of $9 million. Tech Mahindra, which...
Google’s self-driving sister, Waymo, gets first outside investors
Waymo, the self-driving unit of Alphabet Inc, said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors. The company also disclosed its self-driving...
Wipro venture arm picks up stake in LetsShave
Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting, has acquired minority stake in personal care company LetsShave for an undisclosed amount. Existing investor Dorco, one of the...
HP eyes $16 billion share buyback to parry Xerox bid
HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal...
Everstone looks to sell Singapore IT firm Everise, pegs stake at $300 m
Homegrown private equity fund Everstone Capital is all set to sell its Singapore-based IT services firm Everise Holdings Inc in a deal worth $300 million. The management has hired investment bank Barclays to find a...
Tech Mahindra to acquire US-based Zen3 Infosolutions for Rs 460 cr
IT company Tech Mahindra on Monday said it has signed an agreement to acquire 100 per cent stake in US-based Zen3 Infosolutions for $64 million (Rs 460 crore) in an all-cash deal. Headquartered in Seattle, Zen 3 has...
Wipro arm acquires Rational Interaction to enhance its digital offerings
Global software major Wipro’s digital arm on Friday said it acquired US-based Rational Interaction to enhance its customer experience offerings. “The acquisition will scale our digital offerings to chief...
TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJ
Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported. The deal in cash and stock, which will push Intuit further into consumer...
Infosys inks deal with GE Appliances
Infosys on Tuesday said it has entered into a long-term strategic partnership with GE Appliance, a Haier company, to streamline the latter’s IT operations. As an IT services partner, Infosys will help GE...
Dell to sell cybersecurity unit for $2.08 billion
Dell Technologies Inc said on Tuesday it would sell its cybersecurity unit RSA for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners. The deal is...
NIIT Technologies’ shareholders approve Rs 337.4 cr buyback programme
NIIT Technologies on Saturday said shareholders have approved its over Rs 337.4 crore buyback plan “by requisite majority”. In a regulatory filing, the company said its Board at a meeting on December 23...
