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Adani Ports To Acquire Australian Terminal In $2.4-Billion Non-Cash Deal
Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a $2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region.
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Siemens Makes Biggest Acquisition Since 2020 with $10.6 Billion Altair Deal
Siemens announced a $10.6 billion deal to buy US engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company's presence in the fast-growing industrial software market.
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Nvidia Says It Has ‘Not Been Subpoenaed’ by the US Department of Justice in Probe
Nvidia has said that the US DOJ is sending out subpoenas as part of an antitrust probe -- but the company has not yet been subpoenaed. The DoJ has sent such a request seeking information about Nvidia’s acquisition of RunAI and aspects of its chip business, a person with direct knowledge of the matter has told the media.
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AMD to Acquire Server Builder ZT Systems for $4.9 Billion in Cash and Stock
AMD has announced that it will acquire server manufacturer ZT Systems as the company looks to compete with Nvidia in terms of hardware and AI chips. The Taiwanese firm says that intends to finance 75 percent of the $4.9 billion acquisition with cash, while it plans to pay the remaining portion in stock.
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Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
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Disney's New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money
Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and ...
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Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
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Government Proposes Competition Law Amendment; Seeks to Tighten Rules on Antitrust Scrutiny
The government is looking to amend the rules around the scrutiny of mergers and acquisitions, as part of proposed legislation to overhaul the country's competition law. The draft law proposes all deals worth over Rs. 2,000 crore should be subject to antitrust scrutiny if the companies have substantial business operations in the country.
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Olas Senior Director of Talent Acquisition Resigns, Company Likely to Retrench Over 700 Employees Report
As per the report, the company could also retrench employees in the coming days as it refocuses on EV business and improve cash flow.
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Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March
Byju’s announced on Monday that it had completed payment estimated at $950 million (roughly Rs. XXX crore) for the acquisition of Aakash Educational Services. The edtech firm also revealed that it had received a majority of the $800 million (roughly Rs. XXX crore) it raised in its latest round of funding. The company recently announced it had la...
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Trump's App Truth Social Deal Goes Under Investigation as Digital World Acquisition Faces Subpoenas
Donald Trump’s new social media business SPAC deal is facing a federal grand jury investigation that could impede or even prevent the acquisition of the Truth Social app. Digital World said in a regulatory filing on Monday that each member of its board of directors has been subpoenaed by the grand jury in the Southern District of New York.
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Zomato Shares Fall Over 6 Percent After It Announces Blinkit Acquisition
Shares of food aggregator Zomato tumbled sharply on Monday after the company's Board of Directors approved a proposal to acquire a cash-strapped quick commerce company Blinkit for Rs. 4,447 crore.
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Broadcom’s VMware Acquisition and Other Deals Under CEO Hock Tan: A Timeline
Broadcom made its biggest and boldest move to diversify its business on Thursday as the company offered $61 billion (roughly Rs. 4,73,639 crore) offer to buy VMware. This is company’s most ambitious attempt deal since its effort to buy Qualcomm for $103 billion failed in 2018.
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Twitter Says Musk Signed Deal Without Asking for More Information
Twitter says in its account of its deal negotiations with Elon Musk, the Tesla owner opted out of asking the questions about the social media company's business he has now cited in declaring the $44 billion acquisition is "on hold."
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ABB Eyes Acquisitions To Grow Electric Vehicle Charging Business
ABB which makes fast electric chargers for cars, buses and trucks wants to spend $750 million on expanding its operations, the company said at its capital markets day on Thursday.
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Adani Ports To Acquire Australian Terminal In $2.4-Billion Non-Cash Deal
Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a $2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region.
-
Siemens Makes Biggest Acquisition Since 2020 with $10.6 Billion Altair Deal
Siemens announced a $10.6 billion deal to buy US engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company's presence in the fast-growing industrial software market.
-
Nvidia Says It Has ‘Not Been Subpoenaed’ by the US Department of Justice in Probe
Nvidia has said that the US DOJ is sending out subpoenas as part of an antitrust probe -- but the company has not yet been subpoenaed. The DoJ has sent such a request seeking information about Nvidia’s acquisition of RunAI and aspects of its chip business, a person with direct knowledge of the matter has told the media.
-
AMD to Acquire Server Builder ZT Systems for $4.9 Billion in Cash and Stock
AMD has announced that it will acquire server manufacturer ZT Systems as the company looks to compete with Nvidia in terms of hardware and AI chips. The Taiwanese firm says that intends to finance 75 percent of the $4.9 billion acquisition with cash, while it plans to pay the remaining portion in stock.
-
Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
-
Disney's New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money
Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and ...
-
Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
-
Government Proposes Competition Law Amendment; Seeks to Tighten Rules on Antitrust Scrutiny
The government is looking to amend the rules around the scrutiny of mergers and acquisitions, as part of proposed legislation to overhaul the country's competition law. The draft law proposes all deals worth over Rs. 2,000 crore should be subject to antitrust scrutiny if the companies have substantial business operations in the country.
-
Olas Senior Director of Talent Acquisition Resigns, Company Likely to Retrench Over 700 Employees Report
As per the report, the company could also retrench employees in the coming days as it refocuses on EV business and improve cash flow.
-
Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March
Byju’s announced on Monday that it had completed payment estimated at $950 million (roughly Rs. XXX crore) for the acquisition of Aakash Educational Services. The edtech firm also revealed that it had received a majority of the $800 million (roughly Rs. XXX crore) it raised in its latest round of funding. The company recently announced it had la...
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Trump's App Truth Social Deal Goes Under Investigation as Digital World Acquisition Faces Subpoenas
Donald Trump’s new social media business SPAC deal is facing a federal grand jury investigation that could impede or even prevent the acquisition of the Truth Social app. Digital World said in a regulatory filing on Monday that each member of its board of directors has been subpoenaed by the grand jury in the Southern District of New York.
-
Zomato Shares Fall Over 6 Percent After It Announces Blinkit Acquisition
Shares of food aggregator Zomato tumbled sharply on Monday after the company's Board of Directors approved a proposal to acquire a cash-strapped quick commerce company Blinkit for Rs. 4,447 crore.
-
Broadcom’s VMware Acquisition and Other Deals Under CEO Hock Tan: A Timeline
Broadcom made its biggest and boldest move to diversify its business on Thursday as the company offered $61 billion (roughly Rs. 4,73,639 crore) offer to buy VMware. This is company’s most ambitious attempt deal since its effort to buy Qualcomm for $103 billion failed in 2018.
-
Twitter Says Musk Signed Deal Without Asking for More Information
Twitter says in its account of its deal negotiations with Elon Musk, the Tesla owner opted out of asking the questions about the social media company's business he has now cited in declaring the $44 billion acquisition is "on hold."
-
ABB Eyes Acquisitions To Grow Electric Vehicle Charging Business
ABB which makes fast electric chargers for cars, buses and trucks wants to spend $750 million on expanding its operations, the company said at its capital markets day on Thursday.
