Dell Technologies Inc is considering spinning off its 81% stake in cloud computing software maker VMware, the PC maker said on Wednesday, adding that such a move would not occur before September 2021. The company said...
BlackRock’s top investor PNC Financial to sell entire stake
PNC Financial Services Group Inc plans to sell its entire 22% stake in the world’s largest asset manager BlackRock Inc, the U.S. bank said on Monday, exiting one its most attractive investments after more than two...
Italian brake maker Brembo treads new path with Pirelli stake
Italy’s Brembo, which make brakes for Ferrari, Tesla, BMW and Mercedes as well as several Formula 1 teams, has taken a small “long-term” stake in tire maker Pirelli. Brembo said on Tuesday it had decided to buy the 2...
Resolutions via IBC see a big fall in third quarter
Realisation by financial creditors through the Insolvency and Bankruptcy Code (IBC) has fallen drastically in the fiscal third quarter, resurfacing industry concerns over slowing recoveries that are increasingly...
A Mega-Merger Can’t Hide $12 Billion of Debt
China has a standard road map for fixing state-owned giants that have gone off the rails: Create an even more inflated behemoth through a mega-merger, in the hope that the stronger business will be able to prop up the...
Chinese envoy says Syngenta takeover was a bad deal: report
Beijing’s ambassador to Switzerland said ChemChina’s $43 billion takeover of seed and agrochemicals firm Syngenta was a mistake, adding he would have tried to stop the 2017 deal had he been in Bern at the time, a...
Tokyo’s Fuji Electric acquires UPS maker Consul Neowatt
Japanese electric & thermal energy major Fuji Electric Co. Ltd. has acquired Consul Neowatt Power Solutions, Chennai based leading power backup manufacturer for Rs.720 crore). This is the first ever acquisition of...
Blackstone likely to assist Ranjan Pai acquire Medanta
Blackstone is looking to invest about Rs 3,200 crore ($450 million) to help Ranjan Pai of the Manipal Group acquire Naresh Trehan’s Medanta Hospital for Rs 6,000 crore, said people with knowledge of the matter. The...
Dell explores sale of cybersecurity company SecureWorks to trim debt pile
Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A...
Private equity buyout deals in technology set for record high
Private equity (PE) funds are set to make more buyout investments in the technology sector in 2018 than any other previous year, according to a report from global alternative assets data tracker Preqin. As of November...
Dell moves to go public, spurns IPO
Dell Technologies Inc said on Monday it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc (VMW.N), returning the computer maker to the stock market without...
Thai PTT to buy Engie’s Glow in power deal that could be worth more than $4 billion
Thai energy giant PTT Pcl (PTT.BK) said it will buy domestic power firm Glow Energy Pcl (GLOW.BK), controlled by French giant Engie SA (ENGIE.PA), in a deal that could be worth more than $4 billion as it seeks to play a...