Payment services provider DLocal Ltd. is analyzing whether to buy a smaller fintech rival this year after the company itself was the target of takeover proposals, Chief Executive Officer Pedro Arnt said in an interview...
TikTok’s US future in limbo: Billionaire Frank McCourt’s Project Liberty proposes acquisition–Will ByteDance say ‘yes’?
TikTok is facing a potential ban in the United States due to national security concerns. Alarms have raised alarms over the app’s data privacy practices, fearing that user data collected by TikTok could be...
NHPC eyes PTC buy sans financing arm
India’s largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said. The Union power ministry officials will meet...
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
Banca Ifis SpA, the Italian lender founded by the billionaire Furstenberg family, is offering to buy rival Illimity Bank SpA, the latest move in a flurry of consolidation activity in the country’s banking sector. The...
Tencent Bid for Assassin’s Creed Demands a Leap of Faith
One of the highlights of Ubisoft Entertainment SA’s Assassin’s Creed game series is the “leap of faith,” when the hooded main character takes a stomach-churning dive from the rooftops and always lands safely in a...
Chip Designer Arm Considers Acquiring Ampere Computing
SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, according to people familiar with the matter. Ampere, the Oracle Corp.-backed semiconductor designer, has drawn...
Allcargo looks to unlock value in Gati, taps Avendus for PE raise
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said. The company has hired investment bank Avendus...
Ligado files for bankruptcy after stalled wireless expansion
Wireless network company Ligado Networks LLC filed for bankruptcy in Delaware late on Sunday, seeking to cut $7.8 billion in debt after U.S. government agencies blocked its planned expansion into land-based 5G wireless...
HUL in talks to acquire skincare brand Minimalist in ₹3,000 crore deal: Report
Hindustan Unilever Limited (HUL) may acquire Jaipur-based skincare brand Minimalist, backed by Peak XV Partners, in a ₹3,000 crore ($350 million) deal, according to reports. If the deal is finalised, Minimalist’s...
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58...
SBI Life picks up 10% stake in Bima Sugam India Federation
SBI Life on Monday said its board has approved picking up of 10 per cent stake in Bima Sugam India Federation for ₹6.6 crore. Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to...
RBL Bank divests entire 8.16% stake via OFS in DAM Capital after IPO for ₹163 crore
RBL Bank has divested its entire 8.16 per cent stake in DAM Capital Advisors through an offer for sale (OFS) during the investment bank’s initial public offering (IPO), raising ₹163.32 crore. RBL Bank said in a...
