M&A
Qualcomm’s Paul Jacobs may be fishing for funds to acquire firm
16 Mar 2018
Former Qualcomm chairman Paul Jacobs has reportedly approached several investors in a bid to acquire the firm which he once ran and was founded by his father, even as Broadcom has not given up on its bid to acquire it
Malaysia's IHH Healthcare to bid for Fortis
14 Mar 2018
Tata Sons to sell 1.48% stake in TCS, raise Rs8,500 cr
13 Mar 2018
The money raised from the TCS stake sale will be used by Tata Sons to strengthen its balance sheet, pare debt in telecom units Tata Teleservices and Tata Teleservices (Maharashtra) and to shore up equity interest in key Tata Group companies
Consortium of Jet, Air France-KLM, Delta likely to bid for Air India
12 Mar 2018
A consortium of Jet Airways, Air France-KLM and Delta Air Lines has reportedly expressed interest in the disinvestment of national carrier Air India, for which the government is soon expected to invite expressions of interest
Debt-laden Videocon hopes to raise Rs30,000 cr via Brazilian oil assets sale
09 Mar 2018
Videocon CMD Venugopal Dhoot said in separate interviews that the conglomerate hopes to raise Rs30,000 crore by selling oil blocks in Brazil to repay lenders, and that he has no intention of fleeing the country
US health insurer Cigna to buy Express Scripts in $67-bn deal
08 Mar 2018
The acquisition highlights a trend toward cost-control through the merger of insurers with medical suppliers and healthcare providers
RCom moves HC against tribunal order barring asset sale
08 Mar 2018
Reliance Communications Ltd has moved the Bombay High Court challenging an arbitration panel’s interim order restraining the company from selling or transferring any assets, which has blocked its deal with Reliance Jio
Tata Steel set to acquire Bhushan Steel
08 Mar 2018
The acquisition of the 5.6-million tonnes Bhushan Steel will add significantly to Tata Steel’s 13-million tonnes domestic capacity and make it the largest steel maker in India
Tribunal order bars RCom from selling telecom assets to Jio
07 Mar 2018
Reliance Communications had arranged to sell its wireless assets to Reliance Jio Infocomm in a deal worth Rs24,000 crore as part of its efforts to reduce debt
Azim Premji joins with Prudential of US to bid for Star Health
06 Mar 2018
US insurer Prudential and Wipro founder Azim Premji are joining forces to challenge a consortium of WestBridge Capital and Kedaara Capital, besides others, in the fight for a controlling stake in Star Health and Allied Insurance
Will dump Ruia if it interferes with Essar Steel bid: Numetal
05 Mar 2018
The consortium led by VTB Capital said it is prepared to drop Rewant Ruia as a minority shareholder if the government decides it is against the rules to allow promoters a backdoor entry into sick units. Senior VTB official Makram Addoud also said ArcelorMittal’s bid is illegal and it is acting as a ‘spoiler’
ArcelorMittal forms JV with Nippon Steel to acquire Essar Steel
03 Mar 2018
ArcelorMittal has signed a joint venture agreement with Nippon Steel and Sumitomo Metal Corporation (NSSMC) to bid for Essar Steel India Limited, which is being auctioned by its creditors
Ackman calls off disastrous $1-bn bet against Herbalife
01 Mar 2018
Billionaire investor William Ackman had called Herbalife a massive fraud and got into a public spat with Carl Icahn on the issue. He now admits he was wrong, and has unloaded his remaining positions in the firm
Amazon to acquire video doorbell-maker Ring
28 Feb 2018
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