Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie, is considering a takeover of Lionsgate Studios Corp., according to people familiar with the matter...
Dr. Phil’s Media Company Files for Bankruptcy Amid Dispute
Merit Street Media, the startup founded by celebrity psychologist Phil McGraw, filed for bankruptcy Wednesday in Texas, according to a court filing. The company reported assets and liabilities in the range of $100...
Struggling Semiconductor Firm Wolfspeed Files for Bankruptcy
Wolfspeed Inc., a chipmaker caught in President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The North Carolina-based company...
Orix announces plan to sell stake in Greenko to promoter; invest $750 mn in AM Green
Japan’s financial services firm Orix Corp. on Monday said it will reenter a share transfer agreement to sell its 17.5% stake in Greenko Energy Holdings to AM Green Power B.V., in what will be among the largest...
JSW, Serentica, Actis, Blackstone, Brookfield in the fray to buy Vibrant Energy
Financial and strategic investors, including JSW Group, Vedanta Group’s Serentica, Blackstone, Brookfield, Sembcorp, and Actis, are looking at acquiring Vibrant Energy, a renewable energy company owned by Macquarie...
UK Mobile Bank Starling Looking to Buy a US Lender in Expansion
Starling Bank, one of the UK’s largest mobile-only banks, is looking to buy a nationally chartered bank in the US to continue the firm’s expansion in the market, according to a person with knowledge of the matter. The...
Multiples, 360 One among homegrown PEs eyeing a minority stake in VIP Industries
Domestic private equity (PE) firms such as Multiples Alternatives and 360 One are in talks to pick up a minority stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the...
United Spirits to buy out Greater Than gin maker Nao Spirits in a ₹110 cr deal
United Spirits Ltd (USL), the Indian arm of global liquor major Diageo Plc, is acquiring homegrown craft spirits maker Nao Spirits & Beverages Pvt. Ltd in a deal valued at about ₹110 crore, it said in a stock...
Vedanta divests 1.6% stake in subsidiary company Hindustan Zinc for ₹3,028 crore
Mining and metals major Vedanta confirms paring stake in subsidiary Hindustan Zinc on Wednesday, June 18, in a bid to deleverage and strengthen its balance sheet. Several media reports yesterday indicated that Vedanta...
Google’s Plan to Buy Security Firm Wiz Gets Antitrust Review
Justice Department antitrust enforcers are reviewing whether Google’s planned $32 billion acquisition of cybersecurity company Wiz Inc. would illegally limit competition in the marketplace, according to people with...
Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO
Bain Capital-backed CitiusTech, a healthcare technology services company, is planning to grow through acquisitions and will evaluate an IPO this year, either in the US or India, chief executive officer (CEO) Rajan Kohli...
Tata’s Trent trims stake in Zara, Massimo Dutti JVs with Inditex
Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group’s retail arm aggressively expands its own business...
