German broadcaster ProSiebenSat.1 Media is “super relaxed” about having Italy’s Mediaset as a minority shareholder and the two are holding constructive talks on closer cooperation, a senior executive told Reuters...
Kuwait Finance House shareholders approve Bahrain’s AUB takeover
Kuwait Finance House’s shareholders have approved the acquisition of Bahrain’s Ahli United Bank, KFH’s chairman said on Monday, stepping closer to completing the Gulf’s first major cross-border bank merger in recent...
Essel arm close to sale of 2 road assets to NIIF-Roadis
The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a...
Swiss firm LGT in talks to back housing startup Oxfordcaps
Student housing startup Oxfordcaps is in talks to raise $30 million in an equity funding round which will help it expand to more cities and tie up with more universities, said two people aware of the matter, requesting...
StarTek looks at digital buys to tide over its Aegis trough
Global business process outsourcing company StarTek will look at digital acquisitions to accelerate growth, its newly named CEO Aparup Sengupta has told ET. The move is expected to help the New York Stock Exchange...
Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr
Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate its...
Disney drops ‘Fox’ from 20th Century, Searchlight Pictures post acquisition
Disney is making its much-publicised acquisition of 21st Century Fox official with the studio dropping the name “Fox” from the brand. In a historic deal last year, Disney bought 21st Century Fox assets for...
BAE Systems spends $2.2 bln on U.S. electronic systems units
British defence company BAE Systems said it was buying two businesses for $2.2 billion to help grow in Electronic Systems, picking up units which had become available as a result of the merger of U.S. rivals Raytheon...
CBS suspends CEO search, fuelling Viacom merger expectations
CBS Corp on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek...
Sainsbury-Asda Merger Competition Ruling Is Set for Thursday
The U.K.’s antitrust regulator will publish its final decision Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc.’s Asda, after attaching harsher-than-expected conditions to the deal...
Tata Global to buy Dhunseri’s branded tea business
Tata Global Beverages (TGBL) is buying Dhunseri Tea & Industries’ branded packet tea business along with its brands ‘Lal Ghora’ and ‘Kala Ghora’ for a total consideration of Rs 101 crore. TGBL said in a stock...
Changes, challenges and interpretation of bankruptcy law
According to IBBI report, out of the 1,484 cases admitted for the CIRP, 586 have been closed till December 2018. Next month, it would be 3 years since Parliament enacted the bankruptcy law. There have been hits and...
