Oracle Corp. edged out rival Microsoft Corp. in negotiations over the weekend for the US operations of TikTok, moving closer toward a deal for the Chinese-owned music-video app that could thwart a threat by US by...
Govt weighs dropping debt condition in Air India sale: Report
India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said, as the government struggles to sell the...
Alibaba is in talks to invest $3 billion in Grab
Alibaba Group Holding Ltd. is in talks to invest $3 billion into Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the...
Tiger leads $225 mn Dream11 fundraising
Dream Sports, India’s most valuable online gaming startup, has secured $225 million in new funding, led by Tiger Global Management, TPG Tech Adjacencies and ChrysCapital, as investors bet on the country’s nascent but...
ByteDance drops TikTok’s US sale, to partner with Oracle: Report
ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a U.S. ban while appeasing China’s government, people familiar with...
Nvidia buys SoftBank’s arm in record $40 billion chip deal
Nvidia Corp. said it agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal...
Carlyle may pick up $2 billion stake in RIL’s retail arm
Carlyle Group is looking to invest $1.5-2 billion to buy a stake in Reliance Retail Ventures Ltd (RRVL), said two people aware of the development, joining a string of marquee investors that are keen on buying stakes in...
Microsoft says ByteDance rejected its bid for TikTok in the US
Microsoft Corp. said its bid for TikTok’s U.S. operations was rejected by ByteDance Ltd., the Chinese parent of the video-sharing social site. “ByteDance let us know today they would not be selling TikTok’s US...
Reliance may use stake sales to help fund growth plan
Reliance Industries Ltd (RIL), which has raised more than ₹2.2 trillion through stake sales, is likely to go on a shopping spree as the coronavirus pandemic has clouded the prospects of cash-strapped businesses, making...
Stake sale in retail arm will help Reliance to pursue growth initiatives, solidify its position: Analysts
Reliance Industries’ stake sale in its retail arm will enable the company to pursue other growth initiatives while maintaining zero net debt status and also help solidify its position in the market, global rating...
Zomato raises $103 million from Tiger Global, looks to go public by mid-2021
Foodtech unicorn Zomato has raised $103 million from New York-based investment firm Tiger Global Management as part of its ongoing Series-J financing, according to regulatory filings. Zomato Pvt. Ltd. has allotted...
ByteDance in talks with US to avoid selling TikTok: Report
Chinese internet giant ByteDance is in talks with the US about ways it might avoid having to sell its TikTok operations here, the Wall Street Journal reported Wednesday. TikTok has been at the center of a diplomatic...
