StrideOne Capital Pvt. Ltd on Friday said it has acquired a strategic stake in MoEVing Urban Technologies Ltd, the operator of electric vehicle tech startup MoEVing. The deal will help StrideOne, the non-banking...
UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review
Britain’s government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of...
Czech Sev.en GI agrees to buy AES’s 51% stake in Vietnamese power plant
Czech privately-held Sev.en Global Investments said it will buy a majority stake in a large coal-fired plant in Vietnam from U.S. energy firm AES Corp. The purchase of 51% of the 1.2 gigawatt Mong Duong 2 will help...
Rover agrees to $2.3 billion go-private deal with Blackstone
Pet care company Rover Group on Wednesday said private equity firm Blackstone will take it private in a $2.3 billion all-cash deal. The company’s shareholders will receive $11 per share at a premium of 29.4% from...
Broadcom to review strategic options for two VMware units – Insider
U.S. chipmaker Broadcom will review strategic options for two business units of VMware, Insider reported on Wednesday, citing a leaked email from CEO Hock Tan to employees. Broadcom closed its $69 billion acquisition of...
China’s Alipay to sell its 3.4% stake in Zomato for nearly $400 million: Report
Chinese payments group Alipay plans to sell its 3.4% stake in food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the...
Brazil’s Vibra rejects ‘unjustifiable’ Eneva merger proposal
Brazilian fuel distributor Vibra rejected the merger proposal it received from energy firm Eneva, saying the exchange ratio of the offer was “unjustifiable,” while leaving the door open for new offers. On...
Singapore’s Temasek Trust to acquire robo advisor MoneyOwl
Temasek Trust, the philanthropic arm of Singapore’s state investment firm Temasek Holdings, said it has agreed to buy robo financial advisor MoneyOwl from NTUC Enterprise Co-operative Ltd. Financial details of the...
Hinduja Tech in Talks with PE Funds for Minority Stake Sale
Hinduja Tech (HTL), the digital technology arm of multi-billion conglomerate Hinduja Group, plans to sell a minority stake in the company and is engaged in early talks with private equity funds, said multiple people...
UK’s Digital 9 sells stake in Verne Global, initiates strategic review
British investment firm Digital 9 Infrastructure (D9) initiated a strategic review of its portfolio and said it had agreed to sell its stake in data group Verne Global for $575 million as it seeks to cut debt and boost...
Lotus Tech secures $870 mln ahead of deal completion with L Catterton SPAC
Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition...
Netherlands to allow takeover of chip startup Nowi by Chinese-owned Nexperia
The Dutch government on Monday said that, after an assessment, it won’t block Chinese-owned Nexperia’s acquisition of Delft-based start-up Nowi. “There are no legal objections to the acquisition of...
