Divestment
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Centre May Restart IDBI Stake Sale Process From Scratch, Shelve Current Bids
Currently, LIC has a controlling stake in the IDBI Bank at 49.24 per cent, while the Government of India (GoI) holding stands at 45.48 per cent.
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Ubisoft Splits Into Five Creative Units, Cancels Six Games as Part of 'Major Reset'
Ubisoft has announced a "major reset" of its organisation, operation, and portfolio as part of its efforts to cut cost and streamline development. The company is setting up five creative houses, including the recently launched Vantage Studios, to handled specific franchises and genres. Ubisoft also announced it was cancelling six games, including t...
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Manchester City Owners Explain Decision To Exit Mumbai City FC Amid ISL Row
Mumbai City FC on Friday confirmed that City Football Group, which held a majority stake in the club, has divested its entire shareholding to the founding partners of the Indian Super League franchise in the wake of the uncertainty over the ISL's future.
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All You Need To Know About TikTok, Its Algorithm, And US-China Deal
A central question to TikTok's potential shutdown saga has been whether the popular social video platform would keep its algorithm - the secret sauce that powers its addictive video feed - after it's divested from Chinese parent company ByteDance.
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Explained: What Hurdles Lie Ahead For US-China TikTok Deal
Questions and potential hurdles surround a framework agreement announced on Monday between the US and China that would switch short-video app TikTok to US-controlled ownership, including whether any deal will comply with a 2024 law.
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Google Backtracks on Previous Traffic Claims, Says “Open Web Is Already in Rapid Decline”
After months of downplaying concerns, Google has acknowledged that the “open web is already in a rapid decline.” The admission came during an ongoing remedial trial that could decide whether the company must divest part of its advertising business. Notably, just last month, Google dismissed third-party reports pointing to falling search traffic...
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AI Startup Perplexity Makes $34.5 Billion Offer To Buy Google Chrome
Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.
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Norway's $1.9 Trillion Wealth Fund Sells Off Israeli Assets
Norway's $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.
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Adani Enterprises To Partner With MetTube For Copper Tubes Business
Adani group flagship company will divest 50 per cent of its copper tubes business to MetTube, while simultaneously acquiring a 50 per cent stake in MetTube's Indian unit, the company said on Thursday.
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Trump Extends Deadline for US TikTok Sale to September
US President Donald Trump on Thursday extended to September 17 a deadline for China-based ByteDance to divest the US assets of short-video app TikTok. Trump signed an executive order pushing back Thursday's deadline for 90 days, a step he had previously signaled.
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Centre May Restart IDBI Stake Sale Process From Scratch, Shelve Current Bids
Currently, LIC has a controlling stake in the IDBI Bank at 49.24 per cent, while the Government of India (GoI) holding stands at 45.48 per cent.
-
Ubisoft Splits Into Five Creative Units, Cancels Six Games as Part of 'Major Reset'
Ubisoft has announced a "major reset" of its organisation, operation, and portfolio as part of its efforts to cut cost and streamline development. The company is setting up five creative houses, including the recently launched Vantage Studios, to handled specific franchises and genres. Ubisoft also announced it was cancelling six games, including t...
-
Manchester City Owners Explain Decision To Exit Mumbai City FC Amid ISL Row
Mumbai City FC on Friday confirmed that City Football Group, which held a majority stake in the club, has divested its entire shareholding to the founding partners of the Indian Super League franchise in the wake of the uncertainty over the ISL's future.
-
All You Need To Know About TikTok, Its Algorithm, And US-China Deal
A central question to TikTok's potential shutdown saga has been whether the popular social video platform would keep its algorithm - the secret sauce that powers its addictive video feed - after it's divested from Chinese parent company ByteDance.
-
Explained: What Hurdles Lie Ahead For US-China TikTok Deal
Questions and potential hurdles surround a framework agreement announced on Monday between the US and China that would switch short-video app TikTok to US-controlled ownership, including whether any deal will comply with a 2024 law.
-
Google Backtracks on Previous Traffic Claims, Says “Open Web Is Already in Rapid Decline”
After months of downplaying concerns, Google has acknowledged that the “open web is already in a rapid decline.” The admission came during an ongoing remedial trial that could decide whether the company must divest part of its advertising business. Notably, just last month, Google dismissed third-party reports pointing to falling search traffic...
-
AI Startup Perplexity Makes $34.5 Billion Offer To Buy Google Chrome
Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.
-
Norway's $1.9 Trillion Wealth Fund Sells Off Israeli Assets
Norway's $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.
-
Adani Enterprises To Partner With MetTube For Copper Tubes Business
Adani group flagship company will divest 50 per cent of its copper tubes business to MetTube, while simultaneously acquiring a 50 per cent stake in MetTube's Indian unit, the company said on Thursday.
-
Trump Extends Deadline for US TikTok Sale to September
US President Donald Trump on Thursday extended to September 17 a deadline for China-based ByteDance to divest the US assets of short-video app TikTok. Trump signed an executive order pushing back Thursday's deadline for 90 days, a step he had previously signaled.
