Pfizer Inc. agreed to buy Arena Pharmaceuticals Inc. in a deal valued at about $6.7 billion, gaining potential therapies targeting immuno-inflammatory diseases. The U.S. drugmaker will pay $100 a share in an all-cash...
Good Glamm buys MissMalini Entertainment to expand footprint in celeb media
Good Glamm Group, South Asia’s largest content-to commerce conglomerate, has acquired MissMalini Entertainment- India’s largest celebrity media and influencer talent management network. This is a first of its...
Controlling mergers in digital markets a challenge: CCI chief Ashok Gupta
Regulators have it tough when assessing mergers in a digital economy as large platforms can possibly collect complementary data to reinforce their market position, said Ashok Gupta, chairman of the Competition...
Microsoft to win antitrust approval for $16-billion Nuance deal
US software giant Microsoft is set to secure unconditional EU antitrust approval for its $16-billion bid for artificial intelligence and speech technology firm Nuance Communications, three people familiar with the...
MyGate acquires group buying platform MyCommunity Genie for cash and stocks
Security and community management start-up MyGate has acquired MyCommunity Genie, a Bengaluru-based social commerce platform, in a part-cash, part-equity deal. MyCommunity Genie enables group buying and has over 150...
Indo Count buys GHCL’s home textiles business, IP, inventory for Rs 576 cr
In a Rs 576 crore deal, home textile major Indo Count Industries Ltd (ICIL) and its subsidiary will acquire the home textile business of GHCL Ltd in India and identified assets (inventory and intellectual property) of...
NCLT allows RBI’s plea for bankruptcy proceedings against Reliance Capital
The Mumbai bench of the National Company Law Tribunal (NLCT) on Monday admitted the petition moved by the Reserve Bank of India (RBI) to initiate insolvency proceedings against Reliance Capital under Section 227 of the...
Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture
Mensa Brands, a technology-led ‘House of Brands’ built for the e-commerce industry has acquired Folkulture, a home décor label born in India that caters majorly to the US and UK markets. Since its inception in 2015...
Gateway Distriparks’ merger scheme gets NCLT nod, shares end flat
Logistics facilitator Gateway Distriparks Limited today said that the Mumbai bench of National Company Law Tribunal (NCLT) has approved its petition pertaining to a scheme of amalgamation with two of its...
United States sues to block Nvidia’s proposed $40-bn takeover of Arm
US antitrust officials sued to block chipmaker Nvidia’s proposed $40 billion takeover of Arm, saying the deal would hobble innovation in semiconductors and undermine Nvidia’s rivals. The Federal Trade Commission said in...
Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect
IT services firm Tech Mahindra announced the acquisition of a 100 per cent stake in Florida-based Activus Connect in an all cash deal worth $62 million. The company had revenue of $17 million for the financial year...
Reliance considering bid for UK telecom firm BT in early talks: Report
Reliance Industries Ltd is considering an offer for British telecom company BT Group Plc, the Economic Times reported on Monday, citing unnamed sources familiar with the matter. Reliance might make an unsolicited offer...
