M&A
RBC gets govt nod for $10 bn acquisition of HSBC Canada
23 Dec 2023
The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)
RBC gets govt nod for $10 bn acquisition of HSBC Canada
23 Dec 2023
The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)
Deadline for $10-bn Zee-Sony merger extended by a month
22 Dec 2023
Zee Entertainment Enterprises Ltd (ZEEL) and Sony Group Corporation have arrived at an agreement to extend the deadline for their $10 billion merger bay a month.
Zomato denies an acquisition offer for Shiprocket amidst market speculation
22 Dec 2023
In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.
Zomato explores a $2 billion acquisition of Shiprocket
21 Dec 2023
In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.
CCI approves Nirma’s acquisition of 75% stake in Glenmark Life Sciences
21 Dec 2023
The Competition Commission of India (CCI) has approved acquisition of majority shareholding of Glenmark Life Sciences (GLS) Limited by the Nirma Limited.
Warner Bros. Discovery CEO explores potential deal with Paramount Global
21 Dec 2023
In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.
IBM to acquire Software AG’s StreamSets and webMethods platforms for €2.13 bn
20 Dec 2023
IBM on Monday announced the signing of a definitive agreement to acquire StreamSets and webMethods technology platforms from Software AG, for €2.13 billion in cash.
SpiceJet, 2 other entities show interest in bankrupt Go First
20 Dec 2023
Three companies, including budget carrier SpiceJet, Africa-focused Safrik Investments and Sharjah-based aviation company Sky One, have reportedly expressed interest in acquiring beleaguered carrier Go First.
Adani takes control of news agency IANS with 50.5% stake
16 Dec 2023
Adani Group firm AMG Media Networks has acquired a 50.50 per cent stake in news agency Indo-Asian News Service Pvt Ltd (IANS), expanding the group’s presence in the media sector.
AT&T initiates pilot deal to acquire Rivian electric vehicles, aiming to reduce costs and emissions
15 Dec 2023
In a strategic move towards sustainability and efficiency, U.S. wireless carrier AT&T has announced its collaboration with electric vehicle (EV) startup Rivian.
Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares
14 Dec 2023
Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.
Pfizer is set to acquire Seagen for $43 billion and create a new oncology division
13 Dec 2023
In a significant move, Pfizer has announced its anticipation of concluding the $43 billion deal to acquire cancer drug maker Seagen by 16 December 2023.
Saudis set to take control of London’s Heathrow Airport
12 Dec 2023
Investors from the Middle East, more specifically, Saudi Arabia, are all set to take majority control of London’s Heathrow Airport (LHR), the main international airport serving London
Max Healthcare to acquire Sahara Hospital for Rs940 cr
12 Dec 2023
Max Healthcare Institute has agreed to acquire Lucknow-based Sahara Hospital, as it looks to expand its operations in the country.
Occidental Petroleum to acquire CrownRock LP in $12 bn deal
12 Dec 2023
US oil company Occidental Petroleum on Monday said it has entered into an agreement to acquire Midland-based oil and gas producer CrownRock L P, for cash and stock in a transaction valued
Hindustan Unilever joins forces with Brookfield for 45 MW solar energy park
04 Dec 2023
Hindustan Unilever Ltd. announced that it is planning to set up a 45 MW solar energy park in Rajasthan in partnership with a global leader in alternative asset management, Brookfield.
Alaska Air Group Inc. acquires Hawaiian Holdings Inc. in a $1.9 billion deal
04 Dec 2023
Alaska Air Group Inc. has announced its acquisition of Hawaiian Holdings Inc. for a substantial $1.9 billion, encompassing existing debt.
UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal
01 Dec 2023
UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.
Major U.S. health insurers Humana and Cigna set to enter merger discussions
30 Nov 2023
Cigna, a major health insurer in the U.S. healthcare sector, is reportedly engaged in discussions for a merger with its peer, Humana.
Broadcom set to finalize $69 billion VMWare acquisition
22 Nov 2023
In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.
Broadcom set to finalize $69 billion VMWare acquisition
22 Nov 2023
In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.
RBI clears Hinduja Group acquisition of Reliance Capital
19 Nov 2023
Reserve Bank of India (RBI) on Friday approved a Rs9,650 crore debt resolution plan submitted by IndusInd International Holdings Ltd (IIHL), allowing the Hinduja Group firm to take over the assets of Reliance Capital.
Tata Technologies sets IPO band at Rs475-500 a share
16 Nov 2023
Tata Technologies, which is coming out with an initial public offer (IPO), has announced a price band of Rs475-500 per share for the offer-for-sale (OFS).
Alphabet’s Google explores significant investment in chatbot startup Character.AI
11 Nov 2023
Google, a subsidiary of Alphabet Inc., is reportedly in advanced discussions to inject hundreds of millions of dollars into Character.AI, a burgeoning AI chatbot startup.
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Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation