M&A
News Corp acquires Storyful
21 Dec 2013
Karnataka HC annuls United Spirits’ stake sale to Diageo
21 Dec 2013
Without going into the legalities of the stake sale, the court ruled that USL’s stock cannot be transferred without the consent of its creditors
Hong Kong’s PCCW to buy back CSL New World Mobility for $2.4 bn from Telstra
20 Dec 2013
Telstra holds 74.6-per cent stake in CSL, while the remaining 23.4 per cent is held by New World, a Hong Kong-based property development and telecommunications company
AstraZeneca to acquire Bristol-Myers Squibb’s stake in diabetes business
20 Dec 2013
The acquisition will boost AstraZeneca's presence in the emerging markets, where diabetes is a fast-growing problem and by 2030, is expected to accout of two-thirds of the world's diabetic population
Bayer to acquire cancer drug maker Algeta
19 Dec 2013
Bayer and Algeta are partners in the sale of the prostate cancer drug Xofigo, which the US FDA had approved in May
Blackstone buys three US power plants from Direct Energy
19 Dec 2013
Blackstone has been interested in the power industry ever since it raised $2.5 billion last year for its first fund dedicated to investments in the energy sector
Facebook acquires SportsStream
18 Dec 2013
Future Group sells 22.5% in life insurance business to IITL for Rs1,500 crore
18 Dec 2013
The divestment leaves Future Group with a majority 52 per cent stake in Future Generali India Life Insurance
Yahoo acquires content delivery network PeerCDN
18 Dec 2013
UK retailer Tesco set for India venture with Tatas
17 Dec 2013
Tesco, which already has a franchise agreement to provide support to Tata Group’s Trent's Star Bazaar chain, has sought approval from the Foreign Investment Promotion Board for the investment
AIG to sell aircraft leasing business to AerCap in $5.4-bn deal
16 Dec 2013
AIG will receive net cash proceeds of approximately $2.4 billion after the settlement of inter-company loans
Glaxo announces open offer to hike stake in Indian arm
16 Dec 2013
Betting on rising drug demand, GlaxoSmithKline Plc has earmarked around $1 billion to raise its stake in its Indian subsidiary to 75 per cent
Google acquires robotics firm Boston Dynamics
16 Dec 2013
Boston Dynamics, the biggest name in Google’s most recent acquisitions might actually be the eighth robotics company purchased by Google in the last six months