M&A
FanDuel and DraftKings drop merger plan
14 Jul 2017
Flipkart set to sweeten offer for Snapdeal; may go up to $950 mn
13 Jul 2017
Snapdeal, which is also engaged in separate discussions for selling Freecharge (mobile wallet operations) and Vulcan Express (logistics), is likely to close these as well over the next few weeks
Pearson sells 22% stake in Penguin Random House to Bertelsmann for $1 bn
11 Jul 2017
Pearson, which in recent years sold some of its best known assets, including the Financial Times and the Economist, said it would now reduce its stake in the world's biggest consumer book publisher
Air India may be sold in parts to fast-track divestment
10 Jul 2017
Air India has six subsidiaries – three of which are loss-making – with assets worth about $4.6 billion and an estimated $1.24 billion worth of real estate, against a debt burden of $8.5 billion
IDFC Bank, Shriram Capital plan mega merger
07 Jul 2017
Snapdeal rejects Flipkart’s Rs5,500 cr buyout offer; talks still on
05 Jul 2017
Snapdeal's board is reported to have rejected a takeover offer of $800-850 million (around Rs5,500 crore) from larger ecommerce rival Flipkart
GE’s oil and gas business merges with Baker Huges Inc
04 Jul 2017
Baker Hughes, now a GE company, is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development, according to GE
ICEX, NMCE to merge, form India’s third biggest commodity bourse
03 Jul 2017
The merger will create India’s third largest commodities exchange, offering a wide range of contracts, including bullion, oil, rubber and other agri-commodities as also the world’s first diamond futures contract
IndiGo rethinks buying Air India’s global operations?
01 Jul 2017
Earlier this week, just after the Union cabinet approved divestment of Air India, IndiGo – India’s largest airline in terms of market share — had expressed an interest to buy the international business of the national carrier
IndiGo keen to buy Air India’s international business
30 Jun 2017
IndiGo has told the government it is open to buying the entire operation of the national carrier if demerging the international business is not possible
Cabinet nod for divestment of Air India and its 5 subsidiaries
29 Jun 2017
A group of ministers will now look into the quantum, mechanism, debt and other issues of disinvestment, finance minister Arun Jaitley said after the cabinet meeting
Toshiba sues Western Digital for meddling in memory chips unit sale
28 Jun 2017
Toshiba has sued Western Digital for 120bn yen ($1bn), accusing it of interfering in the attempted sale of its flash memory business