A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San Francisco-based...
Nazara’s resolution plan to acquire Smaaash gets NCLT nod
The National Company Law Tribunal (NCLT) has approved gaming and media firm Nazara Technologies’ resolution plan to acquire Sachin Tendulkar-backed Smaaash Entertainment, which has been undergoing insolvency proceedings...
Absolute Sports to acquire pro-wrestling sites TJRWrestling and ITRWrestling in $1.25 million deal
Absolute Sports, the parent company of sports news website Sportskeeda and a subsidiary of Nazara Technologies, is set to acquire two pro-wrestling media properties—TJRWrestling and ITRWrestling—in a $1.25 million all...
UK’s BII to acquire 10 pc in ReNew Solar unit for Rs 870 crore
British International Investment (BII) has agreed to invest ₹870 crore, or about $100 million, for a 10% stake in ReNew Energy Global’s solar manufacturing unit, the Nasdaq-listed firm said in a statement. The...
KPIT to buy Caresoft’s engineering solutions unit for $191 million
KPIT Technologies on Tuesday announced the acquisition of Caresoft Global’s engineering solutions business for a total consideration of up to $191 million. The buyout would strengthen KPIT’s commercial...
TPG to acquire 35% stake in SCHOTT Poonawalla from Serum Institute of India
TPG has agreed to acquire a 35% stake in drug containment firm SCHOTT Poonawalla from Serum Institute of India (SII). The decision was announced on Tuesday, and the acquisition is being led by TPG Growth—TPG’s middle...
BrowserStack acquires Y Combinator-backed Requestly to strengthen developer tools stack
BrowserStack has acquired Requestly, a developer tool for HTTP interception, application programming interface (API) mocking, and debugging, as it looks to expand its offerings for frontend developers. The terms of the...
DoorDash to acquire UK’s Deliveroo in $3.9 billion deal
US meal delivery firm DoorDash will buy British rival Deliveroo for 2.9 billion pounds ($3.85 billion), the companies said on Tuesday, as they look to expand their reach and take on competition. The companies rekindled...
Government to finalise view on liquidation of Bhushan Power and Steel soon, says DFS Secretary
The government is reviewing the Supreme Court’s order on liquidation of Bhushan Power and Steel Ltd and it will take a view on the matter based on the discussions with the senior government advocates, said M...
Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank
Japanese financial powerhouse Sumitomo Mitsui Banking Corp. (SMBC) is in advanced discussions to buy a significant stake in Yes Bank, following months of negotiations, said people aware of the matter. The move is...
IBC rules under review after scrapping of JSW Steel’s BPSL acquisition
India is reviewing its insolvency regulations to ensure strict adherence to stipulated processes and timelines by key stakeholders to prevent cases like JSW Steel’s acquisition of Bhushan Power and Steel (BPSL)...
Electric cab startup Evera begins absorbing BluSmart’s repossessed EVs; eyes Delhi airport dominance
Delhi-based all-electric taxi service company Evera has started onboarding electric vehicles (EVs) leased to it by the lenders of BluSmart, including non-banking finance companies and banks, which repossessed the...
