The government is set to scrap the winning bid for the sale of helicopter service provider Pawan Hans and may not seek fresh bids for the defence public sector enterprise, thus scrapping its disinvestment altogether...
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports
YouTuber Ajey Nagar who goes by the moniker CarryMinati and his business partner Deepak Char have picked up stake in Mumbai-based Big Bang Esports Private Limited. The two have collectively taken a 10% stake in the...
FirstEnergy sells stake in transmissions unit for $3.5 billion
Utility provider FirstEnergy Corp said it would sell a 30% ownership interest in its unit FirstEnergy Transmission LLC (FET) to Brookfield Super-Core Infrastructure Partners in an all-cash deal of $3.5 billion. The...
Investor Ryan Cohen takes stake in Nordstrom – WSJ
Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom Inc and plans to urge the department-store chain to make changes to its board after a decline in share prices, the Wall Street Journal reported on...
Berkshire Hathaway sells $44.9 mln of shares in China’s BYD
Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million ($44.85 million), a stock exchange filing showed. The...
Law firms Womble and BDB Pitmans call off merger talks
Global law firm Womble Bond Dickinson and smaller U.K. firm BDB Pitmans have abandoned merger talks after “extensive discussions,” the firms said in a joint statement Wednesday. “Both firms have...
Silver Lake considers Qualtrics takeover
Private equity firm Silver Lake Management said on Wednesday that it was considering a takeover of SAP-backed customer-survey software maker Qualtrics International Inc. Silver Lake, which currently owns 4.2% of...
ReadyAssist acquires two-wheeler workshop chain SpeedForce for $10 million
Auto tech startup ReadyAssist said it has acquired multi-brand two-wheeler workshop chain SpeedForce for $10 million (around Rs 82 crore) in a cash plus stock deal. Vadodara-based SpeedForce is a leading chain of two...
EV maker Lotus Tech to go public in the U.S. via deal with L Catterton SPAC
Lotus Technology said on Tuesday that it will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp in a deal that will value the combined group at $5.4...
Australia’s Flight Centre raising A$180 mln to buy Britain’s Scott Dunn
Australia’s Flight Centre Travel Group Ltd is raising A$180 million ($126.94 million) in one of the country’s first major capital raisings of 2023 to buy British travel business Scott Dunn for A$211 million...
German renewables firm PNE says Morgan Stanley no longer pursuing stake sale
Morgan Stanley’s infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon’s PNE stake, PNE said in an adhoc...
German gas maker Messer in talks with sovereign funds over CVC JV buyout – Bloomberg News
German industrial gas maker Messer SE is in talks with sovereign wealth funds to help finance a buyout of its joint venture with CVC Capital Partners, Bloomberg reported on Friday, citing unnamed sources. The firm was...
