Warner Bros. Discovery announced on Friday that it intends to sell its major assets to Netflix. If the $72 billion cash-and-stocks transaction goes through, Netflix will gain control of Warner Bros. Pictures, DC...
Owner of NYC’s Fordham Landing Housing Project Files Bankruptcy
The owner of Fordham Landing, a major housing development in the Bronx that’s attracted state investment, has filed bankruptcy to halt a foreclosure sale. Dynamic Star LLC and related corporate entities that own equity...
Udaan in talks to sell minority stake in its NBFC arm
Udaan has initiated a process to sell a minority stake in its non-banking financial entity as the business-to-business (B2B) e-commerce platform looks to monetize assets while navigating a broader restructuring...
Fashion major Prada acquires smaller rival Versace for £1.3bn
Prada said on Tuesday it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted. Prada signed a definitive agreement in April to buy Versace from U.S.-based...
Paschi, Investors Coordinated to Buy Mediobanca, Prosecutors Say
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio and two prominent Italian investors allegedly coordinated actions to seize control of Mediobanca SpA and tighten their grip on Assicurazioni...
Mittal-led promoter entity to sell 0.6% stake in Bharti Airtel via bulk deal
Bharti Airtel Ltd’s promoter group entity, Indian Continent Investment, is set to sell a 0.56% stake at around $806 million ( ₹7,191 crore) in the telecom operator, according to deal terms. The Sunil Mittal-led promoter...
LIC boosts stake in Voltas, raises holding by 2% via market purchase; now holds over 7%
Life Insurance Corporation of India (LIC) has increased its stake in Voltas, one of the country’s leading air conditioning and cooling solutions companies, by over 2%. This fresh acquisition comes at a time when the...
EQT, PAG, Blackstone, CVC among global PEs evaluating $1 bn ValueLabs buyout
Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with...
Permira, Carlyle, L Catterton, others eye 30% stake in iD Fresh at ₹4,500-cr valuation
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle...
Advent, Warburg join race for stake in Encube Ethicals
Global private equity firms Advent International and Warburg Pincus have joined the race for a stake purchase in contract drug maker Encube Ethicals Pvt. Ltd, three people aware of the development said. Apart from...
A seven-year-old merger plan for insurance weaklings is being dusted off the shelves
The Centre is weighing a massive restructuring of National Insurance Co., Oriental Insurance Co., and United India Insurance Co., potentially involving a merger, privatization or both. The Union finance ministry is...
Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H...
