Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of...
ArcelorMittal joins race to buy Sprng Energy in green steel push
ArcelorMittal, the world’s biggest steel maker is making a play for Sprng Energy, Indian renewable platform of Actis, as the steelmaker looks at cleaner energy sources to decarbonise production around the world...
Microsoft buys game maker Activision Blizzard for about $70 billion
Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, to boost its competitiveness in mobile gaming and virtual-reality technology. The all-cash $68.7 billion deal...
Clearlake Capital to buy Quest Software from Francisco Partners – WSJ
Private equity firm Clearlake Capital has struck a deal to buy Quest Software Inc from Francisco Partners, valuing it at $5.4 billion including debt, the Wall Street Journal reported on Sunday, citing people familiar...
Mukesh Ambani buys two green firms in a day, brings REC Group and Pallonji’s Sterling into Reliance fold
After announcing the $771 million acquisition of REC Solar from ChemChina, Reliance Industries is also buying Sterling and Wilson Solar from its promoters, making a big splash towards its renewable energy foray, the...
RIL eyes entering new materials, renewable energy biz through acquisitions
Reliance Industries (RIL) is looking to speed up its entry into the new materials and renewable energy business through fresh acquisitions. RIL Chairman Mukesh Ambani had announced that the company will be going global...
Francisco Partners, TPG buy Dell’s cloud business Boomi for $4 billion
Computer maker Dell Technologies Inc on Sunday said private-equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The...
Dell spins off VMware stake, generating up to $9.7 bln to pay down debt
Dell Technologies Inc said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware, in a move that will help the PC maker reduce its debt. VMware will distribute a special cash dividend of...
Abu Dhabi’s Etihad in talks to divest Air Seychelles stake
Etihad Airways is in talks to divest its 40% stake in Air Seychelles, the small Indian Ocean carrier’s Chief Executive Officer Remco Althius said on Wednesday. The move would leave the Seychelles government as the...
Dell spins off VMware stake, generating up to $9.7 billion to pay down debt
Dell Technologies Inc said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware, in a move that will help the PC maker reduce its debt. VMware will distribute a special cash dividend of...
Govt divestment in 2020 drops 37% on covid blow
The coronavirus pandemic dealt a blow to the Union government’s plan to raise funds through major stake sales and initial public offerings. The government managed to raise just ₹42,871.94 crore so far this year, down...
Electronics design firm Syrma to merge with SGS Tekniks to create Rs 1,200-cr entity
Syrma Technology and SGS Tekniks on Wednesday announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation...