Macquarie Asset Management and Belgium’s Fluxys on Friday said they have agreed the sale of Macquarie’s 23.6% share in leading German gas pipeline grid Open Grid Europe (OGE) to Fluxys. Macquarie, which had...
Dell acquires Cloud services startup Cloudify for ‘$100 million’
Dell Technologies has acquired Israeli startup Cloudify that is known for cloud orchestration and infrastructure automation. According to reports, Dell spent close to $100 million in buying the startup to boost its its...
SAP to cut 3,000 jobs, explore Qualtrics stake sale
SAP said it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics, as the Germany software company looks to cut costs and focus on its cloud business. SAP...
Jetsynthesys acquires majority stake in Fanory, hires former Twitter India head Manish Maheshwari
Digital entertainment and technology company JetSynthesys said that it has acquired a majority stake in Fanory, a content monetization platform for content creators. Former Twitter India head and Fanory co-founder...
Atlanta, Chicago law firms merge as legal industry tie-ups gain steam
Atlanta-founded Smith, Gambrell & Russell and Chicago-based Freeborn & Peters said that they will merge on March 1, creating a 400-attorney law firm. The combined firm will have 11 U.S. offices and three...
Pine Labs acquires Saluto Wellness to bolster its rewards management play
Pine Labs has acquired rewards and engagement platform Saluto Wellness, as the fintech firm continues to bolster its customer offerings. According to sources, the deal is a full cash buyout, and the senior management at...
Elliott Management takes big stake in Salesforce
Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It is unclear what Elliott, one of the...
Xylem to buy Evoqua in $7.5 bln deal to tap water demand
Water technology company Xylem Inc on Monday agreed to buy Evoqua Water Technologies Corp in a $7.5 billion all-stock deal, aiming to tap into growing global awareness of risks around water scarcity. Evoqua shareholders...
Activist investor Elliott Management takes stake in Salesforce -sources
Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It is unclear what Elliott, one of the...
UK regulator orders baker Cérélia to sell Jus-Rol on competition concerns
Britain’s competition regulator said on Friday French pastry-mix maker Cérélia will have to sell the Jus-Rol business after the watchdog found that a merger would lessen choice for consumers and harm competition...
NCLAT sets aside NCLT order permitting rival Shyam Sel to submit revised bid for Mittal Corp
Insolvency appellate tribunal NCLAT on 18 January allowed Jindal Stainless’ appeal and set aside the NCLT order that permitted rival Shyam Sel and Power Ltd to submit a revised resolution plan for the debt-ridden...
Shell unit to acquire EV charging firm Volta for about $169 mln
Volta Inc said that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc will acquire all outstanding shares of Class A...
