India’s HCLTech said on Monday it will acquire a 10.5% stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic...
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US billionaire owners of Crystal Palace explore sale, FT reports
The U.S. billionaire owners of Crystal Palace are exploring a sale of the English Premier League club, the Financial Times reported on Monday, citing people with direct knowledge of the matter. The club had appointed...
Australia’s Atlas Arteria rejects IFM Global’s sweetened $5.23 billion offer
Australia’s Atlas Arteria on Monday again urged its shareholders to reject IFM Global Infrastructure Fund’s improved takeover offer, saying the revised A$7.40 billion ($5.23 billion) bid still undervalues the...
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
Australia’s Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media...
Australia’s Accent Group jumps on $276 million takeover bid from Britain’s Frasers Group
Shares of Accent Group soared as much as 9.2% on Monday after the retailer said it received a A$390.8 million ($276.1 million) takeover offer from Britain’s Frasers Group. Accent said in a statement...
US Justice Department clears Paramount’s acquisition of Warner Bros
The U.S. Justice Department’s Antitrust Division said it has cleared Paramount Skydance Corp’s planned $110 billion acquisition of Warner Bros. Discovery, saying it was unlikely to harm competition or...
Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
Woodside Energy exercised its pre-emptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields off the coast of Western Australia, the firm said on Friday, blocking a deal agreed with Japan’s...
Holcim wins conditional EU antitrust nod for €1.85 billion Xella acquisition
World No. 2 cement maker Holcim has secured EU antitrust approval for its €1.85 billion acquisition of German walling systems maker Xella after pledging to sell a Romanian business, the European Commission said on...
Utility group AES fields complaints against its $33.4 billion proposed sale
Shareholders of AES Corp have filed two complaints against the U.S. utility group’s planned $33.4 billion sale to a consortium led by BlackRock’s Global Infrastructure Partners and Swedish private-equity...
OpenAI to acquire Ona to strengthen Codex cloud capabilities
OpenAI has announced plans to acquire Ona, a cloud execution and orchestration company, as it looks to expand the capabilities of its Codex platform and support more advanced, long-running artificial intelligence (AI)...
Rabobank, ING, Credit Agricole eye Belfius stake, media reports say
Rabobank, ING and Credit Agricole are all interested in buying a stake in Belgium’s state-owned bank Belfius, as the government plans a partial sale, Belgian newspapers L’Echo and De Tijd reported on...
BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports
Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk’s SpaceX, the Wall Street Journal reported on Thursday, citing people familiar with the...
