Udaan has initiated a process to sell a minority stake in its non-banking financial entity as the business-to-business (B2B) e-commerce platform looks to monetize assets while navigating a broader restructuring...
Netflix enters exclusive talks to acquire Warner Bros Discovery studio and streaming service, Bloomberg News reporter says
Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X. Netflix has emerged as the top bidder for Warner Bros Discovery...
Big Yellow Group terminates deal talks with Blackstone
British self-storage company Big Yellow Group said on Thursday that there was no basis of continuing discussions with Blackstone on a potential deal. The decision came after Blackstone informed Big Yellow of a possible...
ITT in advanced talks for over $4.5 billion SPX Flow deal, Bloomberg News reports
Connecticut-based ITT Inc is in advanced talks to buy Lone Star’s SPX Flow in a transaction valuing the industrial equipment manufacturer at more than $4.5 billion, Bloomberg News reported on Thursday, citing...
Turkey’s Paribu buys majority stake in Bahrain’s CoinMENA, valuing it at up to $240 mln
Turkish digital asset platform Paribu said on Friday it acquired a majority stake in the Bahrain and Dubai-based cryptocurrency platform CoinMENA in a transaction valuing the company at up to $240 million. The...
Wipro acquires HARMAN’s digital transformation solutions unit for $375 mn
IT services company Wipro’s $375-million acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS...
OpenAI agrees to acquire AI startup Neptune to boost model training capabilities
OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal...
Smiths Group to sell baggage-screening unit to CVC for $2.65 billion
Britain’s Smiths Group said on Wednesday it had agreed to sell its Smiths Detection unit, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including...
Omnicom restructures India leadership team after merger with IPG
Global advertising giant Omnicom has unveiled a sweeping reorganisation of its business in India, retiring multiple agency brands and shuffling its leadership team, as part of a global restructuring following its merger...
Adani completes Rs 231 crore acquisition of Trade Castle Tech Park
Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani’s group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer...
Fashion major Prada acquires smaller rival Versace for £1.3bn
Prada said on Tuesday it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted. Prada signed a definitive agreement in April to buy Versace from U.S.-based...
Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year
Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year. Marvell’s shares were up about 13% in...
