M&A
Big deal: Biyani’s Future buys Shoppers Stop arm HyperCity
07 Oct 2017
The deal is seen as a win-win for both sides, enabling Shoppers Stop to pare its losses and focus on its tie-up with Amazon, and Future Group’s Big Bazaar to expand its footprint in the metros
RIL sells US shale asset at $126 mn after buying it for $392 mn
07 Oct 2017
The US shale market has become highly competitive and companies have cut costs to stay afloat after a slump in crude oil and gas prices
Chinese regulator approves HP’s $1.1 bn acquisition of Samsung Electronics’ printer business
07 Oct 2017
The deal includes Samsung's printer business, intellectual property portfolio of more than 6,500 printing patents and a workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics
Airtel Tigo merger gets NCA approval in Ghana
03 Oct 2017
RCom calls off merger with Aircel as plan hits 'regulatory' wall
03 Oct 2017
The merger was expected to bring down RCom’s total debt to around Rs20,000 crore and that of Aircel to around Rs4,000 crore
Toshiba sells memory-chip unit to Bain-Apple group for $17.7 bn
28 Sep 2017
After the sale, Japanese companies, including Toshiba and Hoya Corp, will continue to hold more than 50 per cent of the common stock in Pangea, the investment vehicle that will acquire Toshiba Memory Corporation
Siemens-Alstom deal to create European rail behemoth
27 Sep 2017
The combined entity hopes to withstand the challenge posed by China’s CRRC, which has annual revenues of about $35 billion and is bigger than Siemens-Alstom and Bombardier Transportation combined
Tata Capital to sell forex, travel services operations to Thomas Cook
25 Sep 2017
The two Tata Capital units, with operations in 26 locations and about 300 employees, will continue to run under Tata Capital management till the closing date when the share sale will be consummated
SpiceJet’s Ajay Singh to take control of NDTV: report
22 Sep 2017
According to reports, Ajay Singh will have controlling stake in NDTV of around 40 per cent and the promoters Prannoy Roy and Radhika Roy will hold around 20 per cent in the company
Toshiba agrees to sell memory unit to Bain-led consortium for $18 bn
21 Sep 2017
Toshiba said it had also been negotiating with a group that involved iPhone assembler Hon Hai Precision Industry and another that included its jilted Western Digital, which has now moved for arbitration
Google inks $1.1 bn deal with Taiwan’s HTC to buy Pixel staff
21 Sep 2017
Google is buying the HTC team that built the Pixel smartphone for Google in a cash deal, plus getting a non-exclusive license for HTC's intellectual property to help support Pixel phones