M&A
SoftBank raises offer for Sprint Nextel to $21.6 billion
11 Jun 2013
Japanese mobile operator SoftBank Corp yesterday raised its offer for US wireless carrier Sprint Nextel Corp to $21.6 billion to ward off a counter bid from US satellite-TV provider Dish Network Corp
Retraction of ONGC's Mozambique deal could invite Sebi scrutiny
By By Ravi Kunder | 11 Jun 2013
ONGC's retraction of its press release announcing that its subsidiary OVL and Oil India had signed an agreement to buy Videocon's 10-per cent stake in a Mozambique gas field for $2.48 billion, could attract Sebi action. By Ravi Kunder
OVL, Oil India to buy Videocon’s stake in Mozambique gas field for $2.48 bn
10 Jun 2013
For Videocon, the sale brings in a massive windfall from its passive investment made in early 2008 after it initially paid around $75 million for its 10-per cent stake and spent around $200 million during phase 1
NMDC in mining pact with Zimbabwe’s Mosi Oa
10 Jun 2013
The agreement will provide exclusivity to NMDC for participation in upstream mineral projects in Zimbabwe
Battle for Elan intensifies as Royalty Pharma raises bid to $6.7 bn
08 Jun 2013
Royalty Pharma, which buys royalty streams of patented drugs, sweetened its offer after its earlier bid was accepted by only 7.7 per cent of Elan’s shareholders.
Jet Airways CEO Nikos Kardassis steps down
07 Jun 2013
SAP acquires e-commerce software firm Hybris
06 Jun 2013
German enterprise software maker SAP AG has acquired Swiss e-commerce software developer Hybris in a bid to expand into the $37-billion e-commerce technology market