Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal. After the deal closes, the company will be renamed Paramount...
LVMH in talks to offload fashion label Marc Jacobs, sources say
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding...
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has...
Russian e-commerce firm Ozon says entrepreneur Chachava takes 28% stake
Russian e-commerce company Ozon said on Friday that businessman Alexander Chachava had acquired a 27.7% stake in the company from Vostok Investments. Chachava, the founder of venture fund LETA Capital, took part last...
PagerDuty exploring potential sale after receiving buyer interest, sources say
PagerDuty is exploring options, including a potential sale of the U.S.-based software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with...
UK’s Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash. Close...
Dixon Technologies receives govt approval for JV with Chinese firm Longcheer
Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. The JV will be formed between Dixon and Longcheer’s...
Chettinad Cement, JK Lakshmi in race to acquire Deccan Cements
JK Lakshmi Cement and Chettinad Cement are bidding to acquire Telangana-based Deccan Cements, people aware of the talks told ET, as a state-driven infrastructure boom in neighbouring Andhra fuels demand for regional...
Torrent likely in talks to buy L&T’s power unit for $1 Bn
Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers...
Phoenix Mills to acquire CPP Investments’ 49% in Island Star JV for Rs 5,449 Crore
Retail-led mixed use realty developer The Phoenix Mills Ltd (PML) will acquire the 49% stake held by Canada Pension Plan Investment Board (CPP Investments) in their joint venture Island Star Mall Developers Pvt Ltd...
US FCC clears way for $8 billion Paramount-Skydance merger
The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment...
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday’s closing...
