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...
Omnicom-IPG Merger: What happens to their six creative agencies?
The global advertising world is bracing for seismic shifts as Omnicom Group inches closer to acquiring Interpublic Group (IPG), with the merger expected in the latter half of this year. The deal would consolidate two of...
Microsoft-Backed Builder.ai Set for Bankruptcy After Cash Seized
Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of...
OpenAI to acquire Apple veteran designer Jony Ive’s startup io in $6.5 billion deal to create AI devices
OpenAI has announced it will acquire io, the AI hardware startup co-founded by legendary Apple designer Jony Ive, in an all-stock deal valued at nearly $6.5 billion. This marks OpenAI’s bold entry into the hardware...
Blackstone leads the race to acquire AGS in a $1.3 bn deal
Global private equity firm Blackstone has outbid two others in its bid to acquire medical revenue cycle management (RCM) firm AGS Health, two people with knowledge of the deal said. The acquisition is likely to value...
Ireda files insolvency application against Gensol Engineering for default of ₹510 cr
The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean...
JBL maker Harman to sell controlling stake in India unit
Harman US, the maker of JBL, Harman Kardon and Infinity audio products, is in talks to sell a controlling stake in its Indian unit, three people aware of the matter said. The US company has approached global private...
Biocon to evaluate merger with subsidiary Biologics
Biocon Group’s board is setting up a committee to evaluate strategic restructuring options, including a merger of its biosimilars arm Biocon Biologics Ltd with its flagship Biocon Ltd. The options would be evaluated...
Sunil Mittal in talks to buy 49% stake worth $2 billion in Haier India
Sunil Mittal is in advanced talks to acquire a 49% stake in the Indian unit of China’s Haier Smart Home Co., according to people familiar with the matter, as the billionaire looks to tap growing demand for goods such as...
WeightWatchers Files Bankruptcy as GLP-1 Drugs Reshape Market
WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company — which rebranded...
