Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin off its global telecommunication assets and list the business in London, two people with knowledge of the matter said. The company has...
WH Smith to sell UK high street business for nearly $100 million
WH Smith is to sell its more than 230-year-old British high street business to Hobbycraft-owner Modella Capital for 76 million pounds ($98 million) to focus on global travel retail. The sale means the WH Smith name will...
Zaggle to acquire majority stake in PoS software firm Effiasoft for Rs 36.7 crore
Prepaid payments company Zaggle has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for Rs 36.7 crore, the company said in a stock exchange filing today. Additionally, the Hyderabad-based...
PUBG developer Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore
South Korean gaming company KRAFTON has acquired 75% stake in Nautilus Mobile, the Pune-based studio owned by JetSynthesys and the maker of Real Cricket franchise, for Rs 118 crore. This marks KRAFTON’s first majority...
VIP promoter revives stake sale talks, hires new banker; Advent frontrunner
VIP Industries Ltd promoter Dilip Piramal has revived stake sale plans, almost six months after talks to sell control of the listed luggage and travel accessories maker fell through, four people with knowledge of the...
Morgan Stanley draws on Goldman Sachs to explore sale of PNE stake, sources say
Morgan Stanley is working with Goldman Sachs to explore the sale of its majority stake in German renewable project developer PNE, two people familiar with the matter said, a process that could trigger a bid for the 1.09...
Spain’s Criteria says no current talks on stake in Naturgy
Spanish holding company Criteria said on Thursday it was not at present in negotiations with any potential investor regarding its stake in the energy utility Naturgy. The statement comes after Bloomberg News reported on...
Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources
Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement, power...
Music service Napster acquired by 3D tech company Infinite Reality for $207 million
Napster, which started out as a music sharing service, is set for a revival and revamp after being acquired by 3D technology company Infinite Reality for $207 million on Tuesday. According to a press release from...
Jindal Stainless acquires 9.62% stake in M1xchange
Jindal Stainless along with its wholly owned subsidiary, Jindal Stainless Steelway, acquired 9.62% stake in M1xchange, India’s leading RBI-licensed Trade Receivables Discounting System (TReDS) platform. This deal...
Board of Welspun Enterprises approves sale of entire stake held in its non-operative subsidiaries
The Board of Welspun Enterprises at its meeting held on 27 March 2025 has approved the sale of its entire stake in its non-operative wholly owned subsidiary companies namely, Kim Mandvi Corridor [Formerly known as...
Bankrupt 23andMe’s DNA Data Gets Nod for Sale as Concerns Linger
Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the...
