Chinese personal computers maker Lenovo Group is acquiring stakes worth $614 million in two digital units of Hong Kong telecoms firm PCCW Ltd, betting that a post-Covid recovery and hybrid work model will drive IT...
Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025
Tata Technologies (Tata Tech) is expected to grow 69 per cent to about $800 million by 2025, up from $473 million during 2021-22, driven by an increase in demand in the electric vehicle space and aviation, a top company...
ByteDance said to weigh sale of stake in sneaker reseller Poizon
ByteDance Ltd. is considering selling a minority stake in Poizon, an online marketplace for sneakers, according to people familiar with the matter. The TikTok owner has engaged in talks about a sale of a low single...
Cyient to acquire Portugal-based Celfinte for ₹340 crore
Hyderabad-based technology solutions firm, Cyient, has signed agreements to acquire Celfinet, a Portugal-based wireless engineering service provider for approximately Rs. 340 crore (€41 million), the company announced...
BetterPlace acquires OkayGo to help gig workers earn more in India
Tech platform for frontline workforce management BetterPlace announced to acquire OkayGo, an on-demand blue-collared gig workforce management platform, for an undisclosed sum. With this move, BetterPlace said it aims to...
How Broadcom CEO Hock Tan shaped a tech giant through acquisitions
Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary US technology mogul for a transformative acquisition. Tan placed a call earlier this month to VMware Inc Chairman...
Chipmaker Broadcom to buy VMware in $61 billion deal
Broadcom Inc said it will buy cloud service provider VMware Inc in a $61 billion cash-and-stock deal to further diversify the chipmaker’s business into enterprise software. Broadcom’s shares were up 1.6%...
KPIT Technologies announces acquisition of UK-based SOMIT Solutions
Automotive and mobility ecosystem focused IT services player KPIT Technologies announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. The total value of the acquisition will be around...
Google’s Russian subsidiary to file for bankruptcy after bank a/c seized
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google...
Capgemini To Acquire Chappuis Halder To Expand Consulting Expertise In Financial Services
French IT services major Capgemini said on Monday it has entered into a share purchase agreement to acquire Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm specialising in...
HCL Tech to buy digital banking, wealth management specialist Confinale
HCL Technologies UK, a wholly-owned subsidiary of HCL Technologies (HCL), has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting...
What LTI-Mindtree merger means for two IT firms, their existing investors
The LTI-Mindtree merged entity offers strong long-term prospects and analysts feel it could enjoy a premium to larger peers Infosys and TCS. But near-term risks are high, they said, especially with Sanjay Jalona leaving...
