WeWork Inc. is making its first acquisition as a public company — and the first since its current chief executive officer, Sandeep Mathrani, took over from the coworking company’s embattled co-founder, Adam Neumann. New...
Modern Times Group sells ESL Gaming to Savvy Gaming Group in $1.05 bln deal
Swedish gaming group Modern Times Group MTG AB said late Monday that is selling esports company ESL Gaming to Savvy Gaming Group in an all-cash deal worth $1.05 billion. Following the sale, MTG will focus fully on...
CCI approves GSK intra-group deal
Competition Commission of India (CCI) said on Monday it has cleared the acquisition of stake in GlaxoSmithKline Asia Pvt. Ltd. (GSKAPL ) by GlaxoSmithKline Consumer Healthcare Overseas Ltd. and GlaxoSmithKline Consumer...
SPACs are running out of names to list
The SPAC boom has led two marketing companies to battle over who gets to be called ‘System1,’ a name taken from Daniel Kahneman’s bestseller ‘Thinking, Fast and Slow’ The SPAC boom, which is now turning to bust, pitted...
CCI clears Generali Group’s stake purchase in India unit
Competition Commission of India (CCI) said on Monday it has cleared purchase of equity shares in Future Generali India Life Insurance Co. Ltd. (FGLIC) by Generali Participations Netherlands N.V (GPN), an arm of the...
RIL invests ₹7,600 cr on acquisitions in first three qtrs to strengthen retail arm
Reliance Industries Ltd (RIL) has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head...
Kohl’s gets $9 billion bid from Starboard Value Group
A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl’s Corp., according to people familiar with the matter. A group led by Acacia Research Corp...
Mumbai Angels, IIM Udaipur Incubation Center invests ₹4 Cr in Pre-Series A round in LegalKart
Mumbai Angels, an early-stage startup investment platform, on Friday said it has invested in legal-tech startup LegalKart as part of the startup’s pre-series A round along with IIM Udaipur Incubation Center. Founded in...
Razorpay in talks to acquire majority stake in Ezetap Mobile
Razorpay, a payments gateway provider for online transactions, is in early talks to acquire a majority stake in mobile point-of-sale device provider Ezetap Mobile Solutions Pvt. Ltd, two people familiar with the...
Social investment platform StockGro raises $32 mn led by BITKRAFT Ventures, General Catalyst, others
Assetgro Fintech Pvt Ltd, the operator of social investment platform StockGro, has raised $32 million (around ₹240 crore) in a Series A round led by BITKRAFT Ventures, General Catalyst, and Itai Tsiddon, the co-founder...
Balu Forge acquires precision machining unit of Mercedes Benz Truck Factory
Balu Forge Industries Ltd (BFIL) has announced that it has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory from Mannheim, Germany. The acquisition will be installed in the new machining...
Neobank Fyp acquires edtech startup Edunify
Fyp, a neobank for teenagers, on Wednesday said it has acquired edtech startup Edunify as part of its expansion plans. With this acquisition, the company said it aims to expand its user base through school tie-ups...
