Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles, as well use its data to better expand its own charging network, its CEO told...
Suez Canal Authority to sell 20% of subsidiary in experimental offer
Egypt’s Suez Canal Authority (SCA) is offering a 20% stake in a subsidiary company in line with a government drive to boost the private sector, but selling or leasing the canal is “out of question”...
SES confirms end of Intelsat merger talks
SES SA said that it has ceased merger talks with Intelsat, ending what would have signaled further consolidation in the rapidly changing satellite internet industry. In March, SES said it was in talks with Luxembourg...
Adobe’s $20 bn Figma acquisition under EU antitrust regulator’s lens
Software major Adode’s $20 billion acquisition of cloud-based designer platform Figma is reportedly under scrutiny by the antitrust regulators in the European Union, the media reported on Tuesday. The EU...
Engineering consultant NV5 Global explores sale
NV5 Global Inc, a U.S. engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter. NV5 is in the early stages of...
US firm Sutherland in talks to buy ITeS platform Suneratech
US-based business process transformation company Sutherland Global Services is in discussions to acquire cloud-based platform and enterprise IT automation solutions provider Sunera Technologies (Suneratech), people...
Timken Singapore proposes to sell 8.4% stake in Indian unit for $231 mn
The Singapore-based parent of Timken India has proposed to sell an 8.4% stake in the Indian bearings and power transmission products maker for up to $231 million on June 20, according to the term sheet of the deal, seen...
Orange, MasMovil face EU antitrust warning over merger, source says
French telecoms provider Orange and Spanish peer MasMovil are set to get an EU antitrust warning about their 18.6-billion euro ($20.3 billion) merger, a person with direct knowledge of the matter said. Orange, the...
Highdell Investment sells 6.2% stake in Kalyan Jewellers for Rs 725 cr
Highdell Investment, owned by US-based private equity major Warburg Pincus, on Friday, divested a 6.2 per cent stake in Kalyan Jewellers India Ltd for Rs 725 crore through an open market transaction. Franklin Templeton...
Amazon’s $1.7 bn deal to buy Roomba maker iRobot gets US approval
The UK’s antitrust regulator has cleared Amazon’s proposed $1.7 billion acquisition of iRobot, which designs and builds consumer robots, including robot vacuum cleaners sold under the ‘Roomba’...
Adani Enterprises to buy train booking platform Trainman
Adani Enterprise will soon be selling online train tickets. Adani Enterprises declared its intentions on Friday and informed Indian stock market bourses that it has signed a share purchase agreement for acquisition of...
SIA may raise stake in Air India to 40%
Singapore Airlines, or SIA, has expressed its desire to gradually raise its stake in Air India from the current 25.1% to about 40%, three people familiar with the development said. SIA and the Tata group have had...
