Software giant, IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million. Founded in January 2021, Polar...
Centre fast tracks merger approvals for startups, small businesses
The Ministry of corporate affairs has amended the rules to make it easier for small companies and start-ups to secure approvals for mergers by way of deemed approvals. Small companies and start-ups seeking approvals for...
Blackstone, Thomson Reuters consortium looks to sell further $3 bln in LSEG shares
An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters, the publisher of Reuters News, is looking to sell around $3 billion worth of shares in the London Stock Exchange Group, according to a...
Apax Funds to acquire stake worth $450 mn in travel tech company IBS Software
Apax Funds has signed a definitive agreement to acquire Blackstone’s significant minority stake in travel and logistics SaaS business IBS Software for approximately $450 million, said Apax Partners LLP. The transaction...
Microsoft gets EU approval for Activision acquisition
The European Union on Monday approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the...
Australia’s InvoCare gets higher $1.3 bln offer from TPG, shares jump
Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower...
Luminar Tech CEO Austin Russell to acquire majority stake in Forbes
Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments...
Kioxia, Western Digital speed up merger talks as memory chip demand slumps
Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh...
Vietnam EV maker VinFast to list in US via a SPAC
Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the startup last month...
Sweden’s EQT takes majority stake in Italy’s Wind Tre telecoms grid
Sweden’s EQT Infrastructure will take a majority stake in Wind Tre’s Italian telecoms network after agreeing a deal with Hong Kong’s CK Hutchison valuing the business at 3.4 billion euros ($3.74...
Vital Energy to acquire Permian assets in $540 mln all-cash deal
Vital Energy Inc said it would acquire Permian assets of Forge Energy II Delaware, an EnCap portfolio company, in a $540 million all-cash deal. Permian is a major target for oil producers looking to increase their...
Luminar Tech CEO Russell to acquire majority stake in Forbes
Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments...
