M&A

American Tower sells its India business to Canada’s Brookfield in a $2.5 bn deal

American Tower sells its India business to Canada’s Brookfield in a $2.5 bn deal

05 Jan 2024

American Tower Corp (ATC) has agreed to sell its India operations to Canadian buyout firm Brookfield in a deal worth around Rs21,000 crore ($2.5 billion) in total.

India's fintech sector faced a 63% funding decline in 2023

India's fintech sector faced a 63% funding decline in 2023

04 Jan 2024

Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.

Reliance and Disney initiate antitrust diligence for merger in India

Reliance and Disney initiate antitrust diligence for merger in India

04 Jan 2024

Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.

ONGC considers oil as an option to recover $600 million from the Venezuelan dividend

ONGC considers oil as an option to recover $600 million from the Venezuelan dividend

03 Jan 2024

ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.

Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%

Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%

02 Jan 2024

In a recent statement, Vodafone Idea, a major Indian telecom operator, clarified that it is not engaged in discussions with Elon Musk’s Starlink for a potential tie-up.

ExxonMobil hands over operations of Iraqi oil field to PetroChina

ExxonMobil hands over operations of Iraqi oil field to PetroChina

02 Jan 2024

US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.

Bristol Myers Squibb to acquire RayzeBio for $4.1 billion in cash

Bristol Myers Squibb to acquire RayzeBio for $4.1 billion in cash

31 Dec 2023

American multinational pharmaceutical company Bristol Myers Squibb on Tuesday said it would buy RayzeBio for about $4.1 billion to bolster its cancer drug business

AstraZeneca to buy China's Gracell Biotechnologies for $1.2 bn

AstraZeneca to buy China's Gracell Biotechnologies for $1.2 bn

27 Dec 2023

Anglo-Swedish multinational pharmaceutical and biotechnology company AstraZeneca has agreed to acquire China-based Gracell Biotechnologies Inc, for about $1.2 billion.

Reliance, Disney to consolidate media operations in India

Reliance, Disney to consolidate media operations in India

26 Dec 2023

Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.

Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 bn

Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 bn

26 Dec 2023

Bristol Myers Squibb on Friday agreed to acquire Karuna Therapeutics, a pioneer in schizophrenia drugs, for $330 per share in cash

RBC gets govt nod for $10 bn acquisition of 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)

RBC gets govt nod for $10 bn acquisition of 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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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