Liberty Global will spin off its Swiss telecoms operator Sunrise to shareholders in the fourth quarter of 2024, it said on Monday. Liberty Global, set up by U.S. cable pioneer John Malone, had previously said it would...
Dentsu looks to step up India play with tech, AI acquisitions
Japanese advertising giant Dentsu sees India as vital not just for its revenue potential but also for its contributions to technology and innovation, and to support its growth strategy, the company is considering...
NIIF gets CCI’s clearance to acquire additional stake in Ather Energy
The Competition Commission of India has approved the National Investment and Infrastructure Fund’s (NIIF) proposal to acquire an additional stake in Ather Energy. The deal was cleared by the competition watchdog...
MNC Capital offers to acquire Vista for $2.5 billion in latest bid
Investment firm MNC Capital said on Saturday it has increased its all cash buyout offer for Vista Outdoor to $43 per share from $42 per share. The offer values Vista at $2.51 billion, a 12.30% premium over Vista’s...
Suzlon Energy acquires 51% stake in Renom Energy
Suzlon Energy on Friday announced that the company has completed the acquisition of 51 per cent of the equity share capital of Renom Energy, as of September 6. The company further informed that with the said...
Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated bankruptcy proceedings...
US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners
The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock’s $12.5 billion deal for Global Infrastructure Partners. Under the deal, which was announced earlier this year, BlackRock said it would...
Magic Johnson buys a stake in the NWSL’s Washington Spirit
Magic Johnson has bought an ownership stake in the National Women’s Soccer League’s Washington Spirit, the basketball great-turned entrepreneur’s latest addition to his professional sports team portfolio. The team...
Salesforce to buy data protection provider Own Company for $1.9 bln
Salesforce said on Thursday it would buy Own Company, a provider of data protection and management solutions, for $1.9 billion in cash to accelerate growth of its data security and privacy products. The acquisition...
ConnectOne Bancorp to buy First of Long Island in $284 mln deal
ConnectOne Bancorp has agreed to buy smaller peer First of Long Island in an all-stock deal valued at $284 million, the companies said on Thursday. The deal will create a combined bank with about $14 billion in total...
Law firms Troutman Pepper, Locke Lord agree to merge, creating 1,600-lawyer firm
U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday that they have agreed to merge effective Jan. 1, creating a firm with more than 1,600 lawyers. The combined firm will be named Troutman...
Theobroma sale: Marquee private equity firms place binding bids
Private equity firms Bain Capital, Carlyle Group and Chrys Capital have submitted binding bids to acquire Theobroma Foods, two people aware of the development said, bringing the bakery chain’s sale process to the...
