M&A

Novartis to acquire US-based Mariana Oncology in $1.75 bn deal

03 May 2024

Swiss drug maker Novartis has agreed to acquire US-based Mariana Oncology in a deal worth $1.75 billion, as the company seeks advance the development of precision treatment for cancer.

Chevron, Hess expect to complete merger this year despite dispute over Guyana oil bloc

30 Apr 2024

US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mobil Corp over the ownership of Stabroek oil block in Guyana.

Elon Musk secures Baidu-Tesla deal on self-driving vehicles: report

30 Apr 2024

Tesla CEO Elon Musk is reported to have clinched a key deal with Chinese car maker Baidu for collaboration in self-driving vehicles, clearing the way for incorporating advanced assisted driving technology in Tesla vehicles.

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

22 Apr 2024

Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.

British media group The Independent to acquire BuzzFeed’s UK operations

03 Apr 2024

British newspaper group The Independent is acquiring US-based online media BuzzFeed's operations in the UK and Ireland in a multi-year licensing deal, the companies announced on Thursday.

Aditya Birla Fashion to list Madura Fashion as separate entity

02 Apr 2024

Aditya Birla Fashion and Retail Ltd (ABFRL), the fashion retail business of the Aditya Birla Group, plans to demerge Madura Fashion & Lifestyle to form a separate listed entity.

Adani Ports acquires 95% stake in Gopalpur Ports for Rs1,349 crore

27 Mar 2024

Adani Ports & Special Economic Zone Ltd (APSEZ) has acquired 95 per cent stake in Gopalpur Ports Ltd (GPL) in Odisha, at an enterprise value of Rs3,989 crore.

Cisco gets EU approval for $28 bn deal to acquire Splunk

18 Mar 2024

Cisco Systems has secured antitrust approval from European Union regulators for its $28 billion deal to acquire cybersecurity firm Splunk.

ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn

14 Mar 2024

ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.

Aditya Birla Capital to merge subsidiary Aditya Birla Finance

12 Mar 2024

The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking finance company (NBFC).

UK weighs changes in law to prevent takeover of the Telegraph by UAE-backed group

12 Mar 2024

The British government is reported to be weighing legislative remedies to the possible takeover of the Telegraph Media Group by UAE-backed investor RedBird IMI, amidst political and professional opposition to the change of guard.

Accenture acquires Udacity, launches AI learning platform LearnVantage

07 Mar 2024

Accenture on Wednesday announced the acquisition of learning platform Udacity and the launch of an AI-focused learning platform, LearnVantage, as part of its capacity building efforts.

Vitol to acquire 35% of Saras from Morati family

06 Mar 2024

Dutch commodity group Vitol BV will acquire about 35 per cent of Saras SpA, a company engaged in the distribution of oil and gas products in Europe, from the Moratti family for €1.75 per share.

C-DOT, Qualcomm team up to stimulate India’s telecom ecosystem

04 Mar 2024

Centre for Development of Telematics (C-DOT), a research institution under the ministry of telecommunications, has signed a memorandum of understanding with Qualcomm Technologies Inc for the development of innovative communication technologies.

RIL to acquire 61% stake in Walt Disney India: report

28 Feb 2024

Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.

NCLT approves Hinduja Group’s Rs9,861-cr offer for Reliance Capital

28 Feb 2024

The National Company Law Tribunal (NCLT) has approved a Rs9,861-crore offer by Hinduja Group company IndusInd International Holdings Limited (IIHL) to take over the assets of bankrupt financial services company Reliance Capital.

Tata Steel completes merger of 5 businesses, shelves TRF merger plan

08 Feb 2024

Tata Steel on Wednesday announced the merger of five strategic businesses of the group with itself as part of an integration process aimed at simplifying business portfolio.

Manipal Group’s Ranjan Pai saves Byju’s from certain collapse

01 Feb 2024

Beleaguered edtech pioneer Byju’s seems to have found a white knight in Manipal Education and Medical Group’s (MEMG) Ranjan Pai, who has acquired a 40 per cent stake in Byju-owned Aakash Institute.

CCI clears Burman Family group bid to acquire Religare Enterprises

27 Jan 2024

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Religare Enterprises Limited by a consortium of non-banking financial companies

ABB to acquire DTN’s weather routing business to expand marine software portfolio

25 Jan 2024

Swedish-Swiss technology conglomerate ABB has agreed to acquire the shipping business of weather and meteorological forecasting specialist DTN

ACME signs term contract for supply of green ammonia to Japan’s IHI Group

24 Jan 2024

ACME Group, a leading renewable energy company in India, and Japanese heavy industry group IHI Corporation on Tuesday signed a long-term contract under which ACME will supply 4 lakh tonnes of green ammonia from its plant in Odisha to Japan annually.

Sony calls off $10 bn merger deal with Zee Entertainment

22 Jan 2024

Sony Pictures Networks has ended its long-pending agreement for merger of its television and streaming operations in India with Zee Entertainment Enterprises

Taro to merge with Sun Pharma in $350 million deal

21 Jan 2024

Sun Pharmaceutical Industries Limited and Israel-based Taro Pharmaceutical Industries Ltd have entered into a definitive merger agreement under which Sun Pharma

French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million

21 Jan 2024

French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.

ABB boosts technology base with 3 new acquisitions in January

20 Jan 2024

Swedish-Swiss multinational ABB has made three major technology acquisitions in January that the company says will cement its capabilities in core business areas such as utility, manufacturing, transportation and infrastructure.