Stock trading platform Dhan is in talks to acquire wealthtech startup Infinyte Club for around $10 million in a mix of cash and equity, according to people in the know. Founded in 2023 by Ankita Tandon and Joylita...
Franklin Templeton to acquire CoinFund spinoff to expand crypto push
Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its expansion into digital assets. The...
Intel to buy back Apollo stake in Ireland factory for $14.2 billion
Intel said it would spend $14.2 billion to buy back the 49% stake it sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives...
PE firm Arcline walks away from bid for UK’s Senior as other suitors circle
The field of suitors for British aerospace and defence supplier Senior Plc narrowed after private equity firm Arcline Investment Management dropped out of buyout talks on Wednesday, though negotiations with other...
Libya’s Haftar acquires combat drones despite UN embargo
Eastern Libya’s military leader, Khalifa Haftar, has acquired what appear to be Chinese and Turkish combat drones, Reuters reporting has found, despite a long-standing U.N. embargo on supplying weapons to the...
Activist investor Jana Partners discloses 5% stake in Alkami Technology
Activist investor Jana Partners has taken a 5.1% stake in Alkami Technology, as it believes that the banking technology company’s shares are undervalued. Jana owned 5.4 million shares of Alkami, a Plano, Texas...
Estee Lauder, Puig advance talks for a stock‑based deal, Bloomberg News reports
U.S. cosmetics giant Estee Lauder and Spanish firm Puig are advancing talks to combine in a deal that would consist mostly of stock, Bloomberg News reported on Wednesday, citing people familiar with the matter. The...
Lilly seals up to $7.8 billion deal for Centessa in sleep disorder bet
Eli Lilly said on Tuesday it would buy Centessa Pharmaceuticals in a deal valued at up to $7.8 billion as the U.S. drugmaker looks to diversify beyond its metabolic portfolio and expand into treatments for sleep...
Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation
MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake in a deal valuing the wealth management firm at more than $2.8 billion. The move deepens...
Italy’s Mundys builds stake in Eurotunnel operator, closing in on Eiffage
Italian infrastructure group Mundys is aiming to build a stake of up to 29.9% of voting rights in Getlink, the Paris-based Channel Tunnel operator, through two transactions that would bring it close to top shareholder...
Activist Pineal Capital pushes Teladoc to consider split, other changes to boost value
Activist investor Pineal Capital Management has urged sweeping changes at Teladoc Health, calling for cost cuts and a potential breakup of the telehealth provider to unlock shareholder value. In an open letter to the...
Burmans raise stake in Religare to 30% via open market purchases
The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple...
