French conglomerates Vivendi and Bouygues are among the bidders for Bertelsmann’s controlling stake in French broadcasting group M6, two sources close to the matter told Reuters. French telecoms tycoon Xavier Niel and...
ABFRL picks up 33.5% stake in Tarun Tahiliani brand to strengthen position in ethnic wear segment
Aditya Birla Fashion & Retail has acquired a 33.5% stake in the luxury apparel-to-jewellery company of fashion designer Tarun Tahiliani for Rs 67 crore, with an option to increase the stake to 51% in the next few...
China’s embattled HNA Group unit shares slump as creditors seek bankruptcy
Shares in listed companies linked to China’s HNA Group slumped on Monday, after the troubled conglomerate disclosed that its creditors had applied for its bankruptcy and that nearly $10 billion had been embezzled by...
Latin America Emerges as China’s Favorite Hunting Ground for M&A
In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work. Overseas acquisitions by Chinese firms are heading...
China’s Xugong Group set to get $2.3 billion from GIC, others in SOE mixed-owner reform – sources
Xugong Group Construction Machinery Co Ltd is set to receive about 14.8 billion yuan ($2.26 billion) from backers including GIC Pte Ltd, sources said, in one of China’s biggest mixed-owner reforms of a state-owned...
Platinum Equity nears $7 billion deal for HNA’s Ingram Micro
Debt-laden HNA Group Co. will sell Ingram Micro Inc. for about $7.2 billion, representing the biggest asset sale for a company that had one of the biggest corporate downfalls in Chinese history. U.S. private equity firm...
BLOCKBUSTER DEAL: Reliance Retail to acquire Future Group
Mukesh Ambani's Reliance Industries Ltd has announced the acquisition of Kishore Biyani's Future Group to expand its retail business and bolster e-commerce. However, the deal has run into legal trouble with global e...
Hitachi plans to sell Hitachi Metals in a deal worth over $6 billion: sources
Hitachi Ltd plans to launch a sale of its materials unit as early as next month in a deal that could be worth more than 700 billion yen ($6.6 billion), three people with knowledge of the matter said. Hitachi is planning...
Whether Global corporation should combine mandatory Open Offer and Delisting Offer?
The doors of Indian economy were opened to overseas Investors, due to global acquisitions, mergers, demergers, etc. among the conglomerates, the impact is on change in control of Indian Listed entities resulting direct...
Samsung heir charged with fraud over 2015 merger
South Korean prosecutors indicted the Samsung Group’s Jay Y Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s...
ByteDance investors value TikTok at $50 bn in takeover bid: Sources
Some investors of TikTok’s parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc, according to people...
China’s Fosun seeks sale of $1.3 billion stake in Alibaba’s Cainiao – sources
Fosun International is in talks with Alibaba and others to sell a stake worth $1.3 billion in the e-commerce giant’s Cainiao, three people said, at a time when Alibaba has been increasing its holdings in the logistics...