M&A
Sahara spurns $1.3 bn offer for London, New York hotels
28 Jul 2016
According to Sahara, the offer from a group led by 3Associates was an attempt to ruin the market and disturb existing bidders at a market value that was ‘much higher’; but the bidders insisted the offer was ‘very compelling’
US chipmaker Analog Devices to buy Linear Technology for about $14.8 bn
27 Jul 2016
The acquisition of Linear will enable Analog to diversify into new categories and also emerge as a stronger rival to Texas Instruments, the largest analog chip maker
Flipkart buys out rival Jabong via Myntra
26 Jul 2016
With the acquisition of Jabong, Flipkart has strengthened its hold in the fashion space, and will probably be able to keep ahead of newer competitors like Abof.com, and old rivals like Amazon
Verizon to buy Yahoo's operating business for $4.83 bn
25 Jul 2016
Yahoo launched an auction of its core business in February after shelving plans to spin off its stake in Alibaba as pressure from activist investor Starboard Value LP mounted
Verizon close to finalising deal to buy Yahoo’s internet businesses for around $5 bn
23 Jul 2016
US telecom giant Verizon, run by CEO Lowell McAdam, plans to buy Yahoo’s web assets and integrate it into its fledgling digital media business, which includes AOL properties it acquired last year
Cairn India, Vedanta sweeten merger deal for shareholders
23 Jul 2016
The shareholders of Cairn India will now get one share in Vedanta and minority shareholders will get an additional four Redeemable Preference Shares in Vedanta with a face value of Rs10 for every share held by them
Cairn India expects to merge with Vedanta by fiscal-end
22 Jul 2016
The merger of Cairn India Ltd with Vedanta Ltd was planned in June last year, but was held up opposition from minority shareholders