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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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Adani Green Energy Firm To Acquire Stake In Essel Saurya For Rs 15 Crore
The acquisition will expand Adani Green Energy's footprint in the state of Rajasthan, where AGEL already owns and operates a solar park in a joint venture company with the Rajasthan government -- Adani Renewable Energy Park Rajasthan Ltd.
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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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India Inc Upbeat On Acquisitions, Mergers In 2022; Cement, Retail Sectors Retain Focus
Reliance Retail has become India's biggest brick-and-mortar retailer with over 16,600 stores. It is ranked 56th amongst the top global retailers with $18 billion in revenues and is the world's second-fastest-growing retail company behind only South Korea's Coupang.
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Jio Deposits Rs 3,720 Crore In Escrow Account To Acquire Reliance Infratel Assets
The National Company Law Tribunal (NCLT) gave approval to Jio for the acquisition of Reliance Infratel (RITL) in November.
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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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Jio Gets Company Tribunal's Approval To Acquire Reliance Infratel
The National Company Law Tribunal (NCLT) today gave its approval to Jio for the acquisition of Reliance Infratel (RITL).
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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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Dabur Shares Close With 3% Gain After Badshah Masala Announcement
Shares of packaged goods company, Dabur closed with a 3.54 per cent intraday gain on Thursday. The upward trend in the company's share prices was recorded following its announcement of the acquisition of Badshah Masala.
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Donald Trump's Truth Social's Deal Partner Fails To Get Backing For Extension: Report
The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.
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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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Netflix Set To Acquire Australian Animation Studio Animal Logic
Netflix Inc plans to acquire Sydney-based Animal Logic, an animation studio that has worked on hits from "Happy Feet" to "The Lego Movies," the companies said in a statement on Tuesday.
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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.
-
Adani Green Energy Firm To Acquire Stake In Essel Saurya For Rs 15 Crore
The acquisition will expand Adani Green Energy's footprint in the state of Rajasthan, where AGEL already owns and operates a solar park in a joint venture company with the Rajasthan government -- Adani Renewable Energy Park Rajasthan Ltd.
-
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 ...
-
India Inc Upbeat On Acquisitions, Mergers In 2022; Cement, Retail Sectors Retain Focus
Reliance Retail has become India's biggest brick-and-mortar retailer with over 16,600 stores. It is ranked 56th amongst the top global retailers with $18 billion in revenues and is the world's second-fastest-growing retail company behind only South Korea's Coupang.
-
Jio Deposits Rs 3,720 Crore In Escrow Account To Acquire Reliance Infratel Assets
The National Company Law Tribunal (NCLT) gave approval to Jio for the acquisition of Reliance Infratel (RITL) in November.
-
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 ...
-
Jio Gets Company Tribunal's Approval To Acquire Reliance Infratel
The National Company Law Tribunal (NCLT) today gave its approval to Jio for the acquisition of Reliance Infratel (RITL).
-
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...
-
Dabur Shares Close With 3% Gain After Badshah Masala Announcement
Shares of packaged goods company, Dabur closed with a 3.54 per cent intraday gain on Thursday. The upward trend in the company's share prices was recorded following its announcement of the acquisition of Badshah Masala.
-
Donald Trump's Truth Social's Deal Partner Fails To Get Backing For Extension: Report
The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.
-
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.
-
Netflix Set To Acquire Australian Animation Studio Animal Logic
Netflix Inc plans to acquire Sydney-based Animal Logic, an animation studio that has worked on hits from "Happy Feet" to "The Lego Movies," the companies said in a statement on Tuesday.
