Spotify Technology SA said on Tuesday it has agreed to buy Parcast, the third podcast company it is purchasing in two months, in an ongoing quest to transform itself into the Netflix of audio. Spotify did not disclose...
NCLT reserves order in Sterling Biotech over settlement issue
Attempt to withdraw the insolvency proceedings against Sterling Biotech by committee of creditors did not materialize and the National Company Law Tribunal reserved its order in the matter and listed the matter for...
SoftBank’s founder Masayoshi Son misses out on Amazon stake by $30 million
SoftBank Group founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com — but he missed out over $30 million. Son, speaking at the...
M&A deal value drops 34% to $1.24 billion in February
The value of merger and acquisition deals in February slumped 34 per cent to $ 1.24 billion compared to the year-ago period, according to a report. Leading consultancy Grant Thornton’s report showed that number of...
GVK to buy ACSA’s stake in Mumbai airport company, raise stake to 74%
GVK Power and Infrastructure Limited (GVK PIL) on Friday informed the stock exchanges that its step-down subsidiary GVK Airport Holdings Limited has initiated the process to acquire 120 million shares...
Disney closes $71 billion deal to acquire Fox’s entertainment assets
Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr Strange” under one corporate...
Mindtree board defers decision on share buyback plan amid L&T takeover bid
Bengaluru-headquartered information technology (IT) firm Mindtree’s board on Wednesday was unable to take a decision on its proposed buyback plan to stave off a takeover bid by Larsen & Toubro (L&T). The...
Edtech firm Byju’s valuation crosses $5-billion mark with new funding
Edtech company Byju’s has raised an additional funding of $31 million (around Rs 214 crore) in a financing round led by US-based growth equity investor General Atlantic (GA), along with Chinese internet giant Tencent...
Corporate battle looms as Mindtree management rejects L&T’s takeover bid
A day after engineering major Larsen & Toubro (L&T) made a hostile bid to take a controlling stake in Mindtree, the management of both the companies went all out to convince shareholders of their respective...
Naresh Goyal seeks more time to conclude Jet Airways resolution plan
Jet Airways Monday defaulted on payment to its debenture-holders–the third default since January–even as airline chairman Naresh Goyal assured the employee of a resolution in the immediate possible time, but...
L&T may spend over $1 billion in a bid to buy Mindtree: Report
Indian conglomerate Larsen & Toubro Ltd would spend up to Rs 70 billion ($1.02 billion) in a hostile bid to buy IT services company Mindtree Ltd, the Times of India (TOI) reported citing sources directly involved...
Brookfield Asset Management consolidates in India with two deals
Hotels, gas pipeline, real estate. Canadian investment firm Brookfield Asset Management seems to be on a deal-making spree in India. Last week, an investment trust led by Brookfield bought RIL’s East West Pipeline...
