Lloyds Banking Group is to buy out Schroders’ 49.9% stake in their UK wealth joint venture, the companies said on Thursday, as the British bank looks to expand in the so-called ‘mass affluent’ sector...
Bristol Myers buys Orbital Therapeutics for $1.5 billion in cell therapy push
Drugmaker Bristol Myers Squibb said on Friday it will acquire privately held cell therapy developer Orbital Therapeutics for $1.5 billion in cash, aiming to diversify from legacy products facing competition from generic...
RedBird Capital formally requests approval for acquisition of UK’s Telegraph
RedBird Capital Partners on Friday formally requested approval from the British government to proceed with its proposed acquisition of The Telegraph, according to an internal memo seen by Reuters and confirmed by the U...
Strathcona exits race for MEG Energy after Cenovus’ sweetened bid
Strathcona Resources on Friday abandoned its takeover bid for MEG Energy, ending its months-long battle with Cenovus Energy for the ownership of one of Canada’s last large pure-play oil sands company. The move by...
Johnson & Johnson in talks to acquire Protagonist Therapeutics, source says
Johnson & Johnson is in discussions to buy Protagonist Therapeutics, a source familiar with the matter told Reuters. Shares of Protagonist surged more than 30% in afternoon trading. The company had a market...
Porr acquires parts of Fresenius’ VAMED as Strabag pulls out
Construction company Porr will acquire the Austrian project development business of VAMED and the Austrian thermal spa holdings from Fresenius as Austria’s Strabag withdrew from the deal, the companies said on...
TCS acquires US-based ListEngage for $72.8 million
IT major Tata Consultancy Services (TCS) announced its acquisition of US-based ListEngage during its second quarter earnings call on Thursday. The acquisition was approved by the board at its meeting today and will be...
Prosus buys 10% stake in Ixigo parent for Rs 1,295 crore; travel site to use funds for expansion
The board of Le Travenues Technology, the parent of online travel aggregator Ixigo, has approved a primary investment of Rs 1,295 crore by Dutch investment firm Prosus (MIH Investments One B.V.) for a 10.1% stake in the...
Etailer Flipkart offloads Rs 2.4k crore investments to focus on core and IPO
Flipkart has exited stakes worth over Rs 2,408.7 crore in multiple startups and companies over the past year as the ecommerce giant sharpens its focus on its core business and prepares for a 2026 IPO. Off the books:...
Jindal Power buys Apraava Energy’s Jhajjar power plant
Naveen Jindal-owned Jindal Power Ltd (JPL) has signed an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy (formerly CLP India), marking one of the largest thermal power deals in...
HSBC to acquire Hang Seng unit for nearly $14 billion in Hong Kong bet
HSBC Holdings Plc proposed taking its troubled Hong Kong subsidiary Hang Seng Bank Ltd. private in a deal representing a major bet on the Chinese financial hub. The British lender’s shares plunged. London-based HSBC...
Novo to buy Akero for up to $5.2 billion in new CEO’s revival push
Novo Nordisk said on Thursday it would buy U.S.-based Akero Therapeutics for up to $5.2 billion to gain access to a promising liver disease drug candidate, in the first major deal by the Danish drugmaker’s new CEO...
