Acquisition

Acquisition News

What happens next after the UK ban on Microsoft's $69 billion Activision deal?
Explainers

What happens next after the UK ban on Microsoft's $69 billion Activision deal?

The decision to block Microsoft’s acquisition of the ‘Call of Duty’ maker Activision Blizzard came as a shock after the UK regulator had already resolved its concerns about the consoles market. However, the deal is not dead yet

Tesla CEO Elon Musk faces private deposition with Twitter ahead of October trial
World

Tesla CEO Elon Musk faces private deposition with Twitter ahead of October trial

Musk indicated in July that he wanted to back away from the deal, prompting Twitter to file a lawsuit to force him to carry through with the acquisition

Aurobindo Pharma, Sandoz Inc mutually call off $900 mn deal of generic oral solids, dermatology businesses
Business

Aurobindo Pharma, Sandoz Inc mutually call off $900 mn deal of generic oral solids, dermatology businesses

Aurobindo Pharma on Thursday said the $900 million deal to acquire Sandoz Inc's US-based generic oral solids and dermatology businesses, has been mutually called off

Hindustan Petroleum buys 17.28% stake in Petronet MHB for Rs 185 cr; acquisition expected to be completed by 31 March
Business

Hindustan Petroleum buys 17.28% stake in Petronet MHB for Rs 185 cr; acquisition expected to be completed by 31 March

In a regulatory filing, HPCL said Petronet MHB Ltd had a networth of Rs 796.30 crore as of 31 March 2019.

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group
Business

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group

Shares of Adani Gas zoomed nearly 8 percent on Friday after the Competition Commission gave approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in the company

French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up
Business

French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up

LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States

Tech Mahindra Q2 profit up 5.6% to Rs 1,124 cr; company to acquire US-based Born Group
Business

Tech Mahindra Q2 profit up 5.6% to Rs 1,124 cr; company to acquire US-based Born Group

IT firm Tech Mahindra on Tuesday posted a 5.6 percent rise in consolidated net profit at Rs 1,124 crore for the September quarter, helped by deal wins of $1.49 billion in the quarter

Competition Commission gives nod to Amazon's 0.5% equity share acquisition of Quess Corp
Business

Competition Commission gives nod to Amazon's 0.5% equity share acquisition of Quess Corp

Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by Amazon.com NV Investment Holding LLC

Liberty Steel acquires ArcelorMittal assets in Europe for Rs 5,782 crore
Business

Liberty Steel acquires ArcelorMittal assets in Europe for Rs 5,782 crore

Liberty Steel on Monday said it has acquired seven steel making units and five service centres from L N Mittal's ArcelorMittal in Europe for 740 million euros (around Rs 5,782 crore), according to a company statement

Hexaware Technologies buys US-based Mobiquity Inc for $182 mn to expand cloud, automation service offerings
Business

Hexaware Technologies buys US-based Mobiquity Inc for $182 mn to expand cloud, automation service offerings

Indian IT services company Hexaware Technologies Ltd said on Friday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings

Sanjeev Gupta's Liberty Steel acquires Johnstown Wire Technologies in US for undisclosed amount
Business

Sanjeev Gupta's Liberty Steel acquires Johnstown Wire Technologies in US for undisclosed amount

Indian-origin metals tycoon Sanjeev Gupta-owned Liberty Steel on Tuesday said it has acquired Johnstown Wire Technologies (JWT), North America's largest producer of value-added carbon and alloy wire

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater
Business

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater

IT services major Infosys Friday said it has completed the acquisition of 75 percent shareholding in ABN AMRO Bank's wholly-owned Stater NV

Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr
Business

Thomas Cook India Group acquires 51% stake in Digiphoto Entertainment Imaging at enterprise value of Rs 289 cr

Travel services provider Thomas Cook India Group on Monday said it has acquired 51 percent stake in imaging solutions and services firm Digiphoto Entertainment Imaging (DEI), at an enterprise value of $40.6 million (around Rs 289 crore)

Hitachi to announce purchase of $7 bn ABB's power grid business today;  pact to be Japanese conglomerate's largest-ever acquisition
Business

Hitachi to announce purchase of $7 bn ABB's power grid business today; pact to be Japanese conglomerate's largest-ever acquisition

Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported

Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition
Business

Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition

Japan’s Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd’s (ABBN.S) power grid business for about 800 billion yen ($7.1 billion)

HCL Technologies' shares fall 8% after company announces acquisition of select IBM software products for $1.8 bn
Business

HCL Technologies' shares fall 8% after company announces acquisition of select IBM software products for $1.8 bn

HCL Technologies, in a regulatory filing, said, it will acquire select IBM software products for $1.8 billion (over Rs 12,700 crore) in an all-cash deal.

Sun Pharma to acquire Japan's Pola Pharma for $1 mn; to strengthen presence in dermatology segment
Business

Sun Pharma to acquire Japan's Pola Pharma for $1 mn; to strengthen presence in dermatology segment

Pola Pharma's portfolio mainly comprises dermatology products. It has two manufacturing facilities in Saitama with capabilities to manufacture topical products and injectables.

Cipla's subsidiary InvaGen Pharmaceuticals Inc to acquire US-based Avenue Therapeutics for $215 mn
Business

Cipla's subsidiary InvaGen Pharmaceuticals Inc to acquire US-based Avenue Therapeutics for $215 mn

Avenue Therapeutics is focused on the development and commercialisation of intravenous (IV) Tramadol, a painkiller.

TCS announces acquisition of London-based digital design studio for undisclosed amount
Business

TCS announces acquisition of London-based digital design studio for undisclosed amount

W12 Studios will be part of TCS Interactive, strengthening the gamut of creative and experience services