German auto parts supplier Continental is considering the sale of the car division currently bundled within ContiTech, manager magazin reported on Monday, citing company sources. The possible sale would be part of a...
UK clears Broadcom’s $69 bln deal to buy VMware
UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom’s $69 billion purchase of VMware, following an in-depth phase-2 probe. The Competition and Markets Authority (CMA) in...
SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore
In a bid to reduce its shareholding in e-commerce platform, FirstCry, Japanese firm, SoftBank, has reportedly sold its stake to three Indian business family groups, reported Economic Times. As per the report, the...
German software firm SUSE to be taken private by EQT for 16 euros per share
Frankfurt-listed software solutions provider SUSE said it would be taken private by its majority shareholder EQT AB for an offer price of 16 euros ($17.37) per share. The offer price is a significant markdown from the...
Australia’s Telstra shelves InfraCo stake sale plan, shares down
Australia’s Telstra shelved plans to sell a stake in its physical infrastructure unit, sending its shares about 2.5% lower, even as the telecom firm forecast higher underlying core earnings after a 14% jump in...
Govt considering part-sale of IRFC stake through offer-for-sale route
The government is considering a proposal to offload a part of its 86.36% stake in state-owned Indian Railway Finance Corp (IRFC) through the offer-for-sale (OFS) route this fiscal year, an official said. An inter...
CCI allows Apax Partners to acquire 30% stake in IBS Software Pte
Fair trade regulator Competition Commission of India (CCI) said it has approved Apax Partners’ proposed acquisition of the stake in IBS Software Pte. The proposed combination relates to the acquisition of...
OpenAI acquires start-up Global Illumination to work on core products, ChatGPT
OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not...
Intel terminates plan to buy Tower Semiconductor
Intel said it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower...
Evergrande’s EV maker agrees to sell 28% stake for $500 mn to Dubai’s NWTN
The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc. in a deal that could keep the carmaker in business. NWTN has agreed to...
Intel to drop $5.4 billion Tower deal after China review delay, sources say
Intel Corp will drop its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once their contract expires later on Tuesday without regulatory approval from China, according to people familiar...
TPG approaches EY about buying stake in consulting arm, FT reports
Private equity group TPG Capital has approached accounting giant Ernst & Young (EY) about buying a stake in its consulting arm, Financial Times reported, citing a letter it had reviewed. TPG outlined its plan for a...
