Italian drinks group Campari said on Thursday it had agreed to sell its brands Averna and Zedda Piras to spirits company Illva Saronno for 100 million euros ($117.45 million). The sale is another step in Campari’s...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Kering to buy jewellry producer Raselli Franco
French luxury group Kering will buy family-owned jewellery producer Raselli Franco Group, it said on Thursday, announcing an initial 115 million euro ($134.76 million) investment into the business. The 20% stake will be...
Standard General in talks to invest in Warner Bros Discovery networks, FT says
Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday. Standard...
Mizuho Financial Group acquires Avendus from KKR
Mizuho Financial Group is buying a controlling stake in home grown investment bank Avendus, giving KKR an exit from its nine-year old investment, as Japanese mega banks continue to pick India to deploy significant...
Coursera to buy Udemy, creating $2.5 billion firm to target AI training: Report
Online education platform Coursera said on Wednesday it would buy rival Udemy in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and...
Shriram Finance board to weigh stake sale to MUFG
Shriram Finance’s board would meet Friday to likely consider an equity stake sale in the vehicle financier to Japanese banking giant, the Mitsubishi UFJ Financial Group (MUFG). Shriram said in a customary filing...
FocusOn Interiors Strengthens Market Position with the acquisition of Riya Enterprises
FocusOn Interiors Decorators Pvt. Ltd.- a leading name in corporate and industrial space design, announced its merger with Riya Enterprises, a company known for its exceptional project capabilities and experience across...
Cyient Semiconductors acquires majority stake in Kinetic Technologies for $93 million
Cyient Semiconductors on Wednesday announced the acquisition of a majority stake in Kinetic Technologies for up to $93 million. This strategic move is aimed at strengthening Cyient’s presence in the custom power...
Warner Bros Discovery rejects Paramount’s hostile takeover bid, calls merger with Netflix ‘superior’
Warner Bros Discovery on Wednesday, 17 December, rejected a hostile takeover bid from Paramount, launched last week, which was aimed at derailing plans by streaming giant Netflix to acquire the Hollywood studio and...
Wingify turns to acquisitions to fuel growth after Everstone deal
Digital experience optimization startup Wingify is increasingly turning to acquisitions to drive its next phase of growth. The move, aimed at chasing enterprise customers, signals a strategic shift following private...
California Pizza Kitchen reaches buyout deal, names new leadership
An investor group led by Consortium Brand Partners is buying California Pizza Kitchen and has tapped the CEO of Convive Brands to run its restaurants, the company told Reuters on Tuesday, five years after the...
