Venture capital firm Peak XV Partners has sold a nearly 1% stake in software-as-a-service (SaaS) company Freshworks for $51.5 million, according to filings made with the US Securities and Exchange Commission. The stake...
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Veefin Solutions to acquire 49% stake in digital marketing firm White Rivers Media
Veefin Solutions said that the company, through its subsidiary Infini Systems, would acquire up to 49%, consisting of 4,900 equity shares, in White Rivers Media Solutions for a consideration of Rs 166.6 crore. White...
Germany’s Merck in advanced talks to acquire US biotech firm SpringWorks
Merck KGaA, the German healthcare and technology group, said on Monday it is in advanced talks to acquire U.S. cancer and rare diseases drugmaker SpringWorks Therapeutics. Merck, in a statement, said its negotiations to...
Del Vecchio family holding Delfin considering selling UniCredit stake – Corriere della Sera
The holding of the Del Vecchio family, Delfin, is exploring the possibility of selling its 2.7% stake in UniCredit, the Corriere della Sera newspaper reported on Tuesday, citing banking sources. According to the daily...
Elon Musk-led group makes $97 billion bid for control of OpenAI
A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire’s fight to block the artificial intelligence startup from...
Outsourcing firm Conduent fields buyout interest, sources say
Conduent, a business processing outsourcing firm that was spun out of Xerox, is exploring a sale after receiving acquisition interest, people familiar with the matter told Reuters on Friday. The Florham, New Jersey...
Cube Highways InvIT buys 2 road assets of NIIF
Cube Highways Trust, the InvIT managed by Cube Highways Fund Advisors, has acquired 2 road assets from the Government owned National Investment and Infrastructure Fund Limited (NIIF), according to a Cube Highways...
Pernod Ricard considers sale of Mumm champagne, sources say
Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources familiar with the matter, as it looks to focus on premium labels in its portfolio. The French spirits company behind Absolut...
Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company’s decision to accept Emerson Electric’s $7.2 billion tender offer. Elliott...
BofA to buy $9 bln residential mortgage loan from Canada’s TD, source says
Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, a source familiar with the matter said on Friday. TD did not immediately respond to a request for...
Perfios acquires fraud detection platform Clari5
Perfios, a provider of software services to banks and other financial services companies, acquired CustomerXPs, which operates fraud detection platform Clari5. Perfios did not disclose any financial terms. Perfios chief...
Phenom acquires EDGE, strengthening its AI-powered resource planning solutions for the GCC market
Phenom, an AI company specializing in HR has acquired EDGE, a resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom’s workforce intelligence solutions for...
