Artemis, the Pinault family’s holding that controls Gucci-owner Kering, will not sell its 29% stake in sports brand Puma at the current market value and is not engaged in talks over a deal, a source close to the...
IDBI Bank moves NCLT with fresh insolvency plea against Zee Entertainment
IDBI Bank has filed a fresh plea in the National Company Law Tribunal (NCLT) seeking insolvency against media and entertainment firm ZEE. In its petition at the Mumbai bench of NCLT, IDBI Bank, claiming to be a...
Minute Media acquires video editing software startup VideoVerse
Minute Media, a global sports publishing and ad technology platform, has acquired Alpha Wave Global-backed video editing software startup VideoVerse, the company said on Tuesday. With this acquisition, Minute Media...
Samvardhana Motherson rises 3% on acquiring remaining 25% stake in two arm
Samvardhana Motherson International shares rose 3.3 per cent on Wednesday and logged an intra-day high at ₹102.19 per share on BSE. At 11:13 AM, on BSE, Samvardhana Motherson International’s share price was up 2.69 per...
CVC Capital to exit Healthcare Global via ₹550 crore block deal
Nine months after selling a controlling stake in cancer care hospital chain Healthcare Global (HCG) to private equity giant Kohlberg Kravis Roberts (KKR), CVC Capital is planning to exit its remaining stake via a block...
Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million
RaceTrac agreed to buy sandwich chain Potbelly Corp for approximately $566 million on Wednesday, in a rare move for a convenience store operator to buy out a restaurant brand. Family-owned RaceTrac, which operates...
Italy’s Bending Spoons to take Vimeo private in $1.38 billion deal
Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would take it private after more than...
Elliott takes stake in Japan’s Kansai Electric, source says
Activist investor Elliott Management has become one of the top three shareholders of Kansai Electric Power with a stake of between 4% and 5%, a person familiar with the matter said on Wednesday. Kansai Electric’s...
ADNOC close to finalising EU remedies for Covestro deal, sources say
Abu Dhabi state oil giant ADNOC is readying remedies to address an EU subsidy investigation into its 14.7 billion euro ($17.2 billion) bid for Germany’s Covestro that will likely see it convert a proposed 1.2...
Kering delays full Valentino acquisition to 2028 amid debt concerns
Kering said on Wednesday that it will not fully buy Italian fashion brand Valentino until at least 2028, its first major move under new CEO Luca de Meo, pushing back the execution of an expensive deal that has been...
Barrick to sell its Canada’s Hemlo mine for up to $1.1 billion
Barrick Mining has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday. The deal includes $875 million in cash at closing, $50 million in shares of...
Private equity GTCR strikes $4.8 billion deal to buy Zentiva, FT reports
Private equity firm GTCR has struck a 4.1 billion euro ($4.8 billion) deal to buy Czech generic drugmaker Zentiva from Advent International, the Financial Times reported on Wednesday, citing unidentified sources...
