Tata Group backed Indian Hotels Company (IHCL) announced on Thursday that it has entered into sharesubscription and share purchase agreements to acquire around 51% shareholding in Brij Hospitality PrivateLimited, for an...
Lionsgate sells Lionsgate Play in South, SE Asia to Rohit Jain in up to $30 million deal
Content studio Lionsgate has sold its over-the-top (OTT) streaming business, Lionsgate Play, in South Asia and Southeast Asia to Rohit Jain at an estimated deal value of up to $30 million, people aware of the terms told...
State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore
State Street, the world’s fourth-largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww. The transaction involves...
Mitsubishi to take over Texas and Louisiana shale gas assets for $7.53 billion
Japanese trading house Mitsubishi Corp said on Friday it would take over the U.S. shale production and pipelines assets of Aethon Energy Management for $7.53 billion including debt. The deal – the biggest...
California approves Verizon acquisition of Frontier, clearing way for closing
The California Public Utilities Commission on Thursday approved Verizon Communications’ $20 billion deal to acquire fiber-optic internet providers Frontier Communications, clearing the way for the deal to close on...
Worthington Steel to buy Kloeckner & Co in $2.4 billion deal
Worthington Steel said on Thursday that it would buy Kloeckner & Co in a deal valued at $2.4 billion, as it looks to strengthen its position in the North American metal processing sector. Kloeckner & Co, which...
US shale producers Devon Energy and Coterra Energy in merger talks, sources say
Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, three people familiar with the matter said. A possible combination...
ClassPass-owner Playlist, EGYM to merge in deal backed by Jared Kushner’s firm
Gym booking app ClassPass owner Playlist said on Thursday it would merge with fitness-tech firm EGYM in a deal that includes equity funding of $785 million, led by Jared Kushner’s investment firm Affinity Partners...
Keurig Dr Pepper launches $18 billion takeover bid for JDE Peet’s
U.S. soft drinks giant Keurig Dr Pepper on Thursday launched its $18 billion all-cash takeover bid for coffee and tea group JDE Peet’s, setting the stage for a global coffee company that could rival market leader...
UK watchdog orders Aramark to divest Entier after merger probe
Britain’s competition watchdog ordered U.S.-based food service and facilities provider Aramark to sell offshore catering firm Entier on Thursday, after an investigation found the merger would substantially harm...
Mitra to merge with Tierra Agrotech in Rs 787-crore deal, eyes IPO by 2026
Delhi-based FMCG start-up Mitra has announced a merger with Tierra Agrotech in a deal valued at Rs 787crore transaction, said the company in a statement. The company also plans to list on the Bombay Stock Exchange (BSE)...
Shriram Finance gets shareholders’ nod for MUFG deal-linked proposals, sources say
India’s Shriram Finance shareholders voted in favour of three proposals linked to the non-bank lender’s deal with Japanese investment bank MUFG signed last month, two sources with direct knowledge of the...
