Page 11 - Acquisition

Amazon closes $8.5-bn MGM deal after regulators decline to oppose It

Amazon shares were little changed at $3,062.67 at 9:35 a.m. in New York.

Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum

The acquisition of IZealiant will further strengthen Razorpay's Banking Solutions Arm to build innovative payment banking technologies for partner banks

RIL subsidiary acquires battery maker Lithium Werks for $61 million

Lithium Werks is a leading provider of cobalt-free, high-performance lithium iron phosphate (LFP) batteries

Persistent Systems to acquire US cloud player MediaAgility for $71.71 mn

With 500 staff in US, Mexico, UK and India, MediaAgility has 31 Google Cloud Partner Expertise designations, 330 Google Cloud certifications, seven Google Cloud partner specialisations

Curefoods acquires majority stake in milkshake brand Frozen Bottle

This is the 20th acquisition by Curefoods in two years

Reliance Retail Ventures buys majority stake in Abraham & Thakore

Last year, RIL arm had partnered Manish Malhotra's brand and Raghavendra Rathore's company

Biocon arm plans to acquire Viatris' biosimilars assets; stock falls 8%

The companies will also enter into a transition services agreement. Viatris will provide certain transition services, including commercialization services for an expected 2-years

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

BBL will also obtain Viatris' rights in all biosimilars assets, including its in-licensed portfolio and an option to acquire Viatris' rights in bAflibercept

Northern Arc Group to acquire SMILE Microfin

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its network of nearly 150 branches catering to over 0.2 million customers.

IBM announces acquisition of US-based Neudesic; adds to India presence

IBM has stated that it will be focusing on hybrid cloud play which it says is a $200 billion opportunity

Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. Shiprocket had earlier in January announced acquiring a 75 per cent stake in customer data platform Wigzo Tech and also the acquisition of business-to-business logistics aggregator platform Rocketbox. Besides, on February 5, it said the company had invested USD 1.5 million in software-as-a-service (SaaS)-based logistics start-up Logibrick. Continuing its acquisition spree, Shiprocket has acquired a majority stake in supply chain management company, Glaucus Supply Chain Solutions Pvt Ltd, and further the two companies have agreed to merge in due course, it said in a statement. The transaction will allow Shiprocket to accelerate

KFin buys Hexagram to expand into fund accounting, reconciliation solutions

KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specializing in fund accounting and reconciliation product development.

Don't need to look for assets after NINL buy: Tata Steel's TV Narendran

In a Q&A Tata Steel CEO and MD T V Narendran talks about what the acquisition means for the company's growth ambitions as also the near-term outlook

TVS Motor acquires 75% in largest Swiss e-bike player SEMG for $100 million

This will be the firm's second acquisition in Switzerland in e-mobility space in FY22. It took an 80% stake in EGO Movement for $17.9 mn in Sept 2021

Microsoft's plunge into the world of gaming

Microsoft took over gaming giant Activision Blizzard to provide 'building blocks for the metaverse'. But with metaverse still a distant dream, what is behind its plunge into the world of gaming?

Microsoft-Activision deal may face scrutiny by antitrust enforcers in US

Microsoft Corporations proposed $75 billion acquisition of Activision Blizzard Inc. is likely to receive a close look from antitrust enforcers in US, in tech sector, The Wall Street Journal reported.

Farm tech platform DeHaat acquires agri-input marketplace Helicrofter

Deal value not disclosed. Helicrofter has over 2000 agri-input retailers and 30 sellers across Maharashtra.

Tech Mahindra taps into insurance biz with acquisition of Com Tec Co IT

Deal struck at €310 mn; also invests 310 mn; €25 mn in acquiring 50% stake in SWFT & Surance

HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal

The strategic acquisition will bolster HCL's capability in digital engineering driven by data engineering and increase its presence in Central and Eastern Europe.

Flipkart Group acquires electronics recommerce firm Yaantra for unknown sum

Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops