Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal links Visa’s global payments network...
UK regulator finds competition concerns in Getty-Shutterstock merger
Britain’s competition watchdog said on Thursday it provisionally found concerns over UK editorial content supply in the proposed merger between U.S.-based Getty Images and rival Shutterstock, but cleared the deal...
Warburg Pincus talks in final lap to buy Integrace Health for Rs 1,200 crore
US private equity firm Warburg Pincus is in advanced talks to acquire Mumbai-based formulations maker Integrace Health for about ₹1,200 crore, said people familiar with the matter. Integrace is currently owned by...
Asgard Alcobev completes acquisition of CMJ Breweries
Asgard Alcobev, formerly known as Banganga Paper Industries, has completed the acquisition of CMJ Breweries, a leading contract brewing facility in Northeast India. The company has acquired a 78.9 per cent stake in the...
Citigroup exits Russia, closer to completing strategic divestitures
Citigroup announced on Wednesday the sale of its former Russian subsidiary to Renaissance Capital, a transaction already approved by regulators and which completes Citi’s full exit from the country. Citigroup...
Macquarie, Blackstone among bidders for Welspun’s green arm
Global private equity majors and strategic infrastructure investors including Macquarie, Actis, Blackstone and Sembcorp are preparing to bid for a controlling stake in Welspun Group’s clean-energy arm, Welspun New...
Rio Tinto takes majority control of Canada’s Nemaska Lithium
Rio Tinto, said on Wednesday it has gained majority control of Canada’s Nemaska Lithium, advancing its push to build an integrated lithium business in Quebec. The Anglo-Australian miner now holds a 53.9% stake in...
Virgin Media O2 owners to buy British fibre firm Substantial for $2.7 billion
A consortium including Liberty Global agreed on Wednesday to buy British alternative fibre provider Substantial Group for 2 billion pounds ($2.72 billion) in a bid to take on BT Openreach. The acquisition will be made...
Liberty Global to buy Vodafone’s stake in VodafoneZiggo, spin-off Benelux operations
Liberty Global has agreed to buy its Dutch joint venture partner Vodafone’s stake in VodafoneZiggo for 1 billion euros ($1.18 billion) in cash, the companies said on Wednesday. It will then combine the Netherlands...
EBay forecasts upbeat revenue, buys Depop to boost fashion presence
EBay Inc forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the acquisition of fashion marketplace Depop from Etsy for nearly $1.2 billion, sending its shares up more than 7% in...
Western Digital to sell partial stake in Sandisk for $3.17 billion to cut debt
Western Digital is planning to raise $3.17 billion by selling a part of its stake in flash memory unit Sandisk, which it used to own, as the hard disk drive maker looks to reduce debt. The secondary share sale...
CCI clears HLFL–NDL merger, paving way for Hinduja Finance consolidation
India’s antitrust watchdog, the Competition Commission of India, has approved the proposed merger of Hinduja Leyland Finance with and into NDL Ventures, clearing the path for a consolidation move aimed at streamlining...
