Angola is pursuing a 20%-30% stake in Anglo American’s diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola’s mining ministry told...
Wonder Products Group explores 30-35% stake sale for about $250 million, engages PwC as advisor
The promoters of Wonder Products Group have engaged PwC as an adviser to sell a 30–35% stake in the contract manufacturing company in what will likely be its first round of external funding, two people familiar with the...
Zensar in talks to acquire promoter stake in Mastek
IT firm Zensar Technologies is in talks to acquire an 18–20% stake from promoters of mid-sized peer Mastek, three people familiar with the matter told Mint. The proposed transaction is expected to be valued at over $200...
Elon Musk’s SpaceX acquires xAI in record-setting deal ahead of mega IPO
Billionaire Elon Musk said on Monday that his rocket venture, SpaceX, has acquired his artificial-intelligence startup xAI in a record-setting deal. The deal was announced in a memo, sources told Bloomberg. According to...
Premji Invest picks 23% in Bharat Forge unit for ₹300 crore
Premji Invest is set to pick up a 23% stake in JS Auto Cast Foundry India Pvt. Ltd, a unit of Bharat Forge, for ₹300 crore, as per stock exchange disclosures made by the Baba Kalyani-backed firm. The transaction is...
GIC, Mubadala in talks to join KKR’s $10 billion deal to acquire STT GDC
GIC Pte and Mubadala Investment Co. are in talks to join KKR & Co. and Singapore Telecommunications Ltd. in their potential purchase of data center operator STT GDC Pte, people familiar with the matter said, in what...
Capgemini to Divest US Unit Criticized for Contracts With ICE
French IT services provider Capgemini SE plans to sell a US-based unit that’s facing scrutiny over its contracts with US Immigration and Customs Enforcement. The company said it would initiate the sale process of the...
Apple acquires Israeli audio AI startup Q.ai, reportedly for $1.6 billion
Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio. Apple did not disclose terms of the deal for Q.ai, which was backed by venture capital firms...
SpaceX, xAI in talks over merger ahead of potential IPO
Elon Musk’s SpaceX and artificial intelligence startup xAI are in discussions over a potential merger ahead of a planned public offering later this year, Reuters reported citing a person familiar with the matter and two...
Coforge sweetens India’s largest IT deal after shareholder pushback
Coforge Ltd’s public shareholders rejected the firm’s decision to give private equity giant Advent International the right to nominate members on the board’s audit, nomination, and remuneration panels, forcing the Noida...
ONGC to offload stake in petchem arm OPal, eyes global investors
State-run Oil and Natural Gas Corp. plans to come up with a global tender for selling stake in its petrochemical subsidiary, according to a top executive. ONGC Petro additions (OPaL) has “become our subsidiary, and we...
Zydus Lifesciences eyes acquisition of US firm Ardelyx for $2.5 billion
Ahmedabad-based Zydus Lifesciences is evaluating acquisition of a majority stake in US-based Ardelyx Inc., with the deal likely to be valued at $2.2–2.5 billion, two people aware of the development told Mint. The...
