Agri commodity trader IFL Enterprises on Tuesday said Singapore-based Unique Global Managed Services has offered to buy up to 12 per cent stake in the company. The Ahmedabad-based company informed stock exchanges that...
Mindspace REIT makes first third-party acquisition with Rs 512-cr deal in Hyderabad
Mindspace Business Parks Real Estate Investment Trust (REIT) has acquired a prime commercial asset Q-City, an 810,000 sq ft office campus spread over 6 acres of land in Hyderabad’s Financial District for over Rs 512...
Jeff Bezos wants to buy CNBC, says report
Amazon co-founder Jeff Bezos is reportedly mulling a possible acquisition of media outlet CNBC. According to an exclusive report by The New York Post quoting a person familiar with the developments, the billionaire has...
Canal+ gets conditional approval for MultiChoice takeover
South Africa’s Competition Tribunal has approved Canal+’s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday. The deal...
Sony explores sale of cellular chipsets business, sources say
Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The...
BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports
One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP’s Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter. One...
Payments firm Corpay to buy UK’s Alpha Group in $2.2 billion private markets push
Corpay will buy British peer Alpha Group in a $2.2 billion (1.6 billion pounds) cash deal, the U.S.-based business payments firm said on Wednesday, to expand in the fast-growing private markets. The private markets...
Space startup iRocket to go public via $400 million SPAC deal
Reusable rocket developer Innovative Rocket Technologies, commonly known as iRocket, will go public in the U.S. through a $400 million merger with special purpose acquisition company BPGC Acquisition, the companies said...
Waystar to buy Iodine Software in $1.25 billion deal to boost AI in healthcare payments
Healthcare software firm Waystar said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and...
Dubai’s Sidara weighs lowering Wood Group offer after UK regulator’s probe, FT reports
Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group, as Britain’s financial watchdog has launched a probe into the oilfield services provider, the Financial Times reported on...
Italy’s Saipem, Norway’s Subsea 7 confirm merger to create energy services leader
Italy’s Saipem and its Norwegian rival Subsea7 announced on Thursday a merger to form a leading global player in offshore energy services. The merger terms align with those outlined in February’s memorandum...
PSBs ready insurance units’ divestment plan
State-run banks have informed the government that they will actively pursue disinvestments in their insurance subsidiaries after the Centre approves 100% foreign investment in the sector. Some lenders have shared their...
