Page 3 - M&a

Google aimed to buy Epic Games during Fortnite tussle: Report

Google allegedly offered a "special deal" to launch Fortnite back on Android Store

Axis Bank buys 5.55% stake in financial technology firm IBBIC

Stock of Axis Bank traded 2.47 per cent down at Rs 737.45 apiece on BSE.

Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth

upGrad is set to cross $500 million annual revenue run rate by March 2022 and is looking to raise close to $400 million at a $4 billion valuation.

Underperforming hotels going dirt cheap but buyers lack appetite

20-25% of 150,000 branded hotels risk permanent closure; May room tariffs down 16-18% on average; occupancy drops to 18-20%, revenue per room down by 49-51%

Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech

This is the fourth round of bidding process to find a buyer for JIL, which went into Corporate Insolvency Resolution Process (CIRP) in August 2017.

Competition Comm clears Byju's buyout of Aakash Educational Services

The Competition Commission has approved ed-tech startup Byju's proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju's presence in the test preparation segment in the country, was announced in April this year. On Tuesday, Competition Commission of India (CCI) said it has approved the proposed combination relating to Think & Learn Pvt Ltd (Byju's) acquisition of certain stake of AESL and thereafter their merger. "The proposed combination will result in merger of AESL into Byju's, as a consequence of which, Byju's will be the surviving entity. As such, Byju's shall effectively acquire complete and sole control over AESL," an official release said on Tuesday. Deals beyond certain threshold require approval from CCI. Byju's provides online educational services while AESL offers curriculum-based coaching for K-12 students and test preparatory services for various competitive examinations.

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Hitachi's acquisition of GlobalLogic a bump up for Indian E&RD segment

GlobalLogic has a significant presence in India

Vedanta's revised offer better deal for minority shareholders: Edelweiss

Vedanta Resources' revised open offer price of Rs 235 per share for its Indian unit is a better deal for investors, brokerage firm Edelweiss said

General Electric, AerCap join air leasing businesses in $30 billion deal

General Electric is combing its aircraft leasing business with Ireland's AerCap Holdings

Consolidation in public sector oil firms may be back on table in FY22

The government may again revive the plan for further consolidation in the public sector oil companies

Tata Chemicals in advanced talks for Archean's industrial salt unit

A potential deal could offer a reprieve to Archean, which has been struggling to service its debt obligations for the past two years

IDBI Bank sells 23% stake in life insurance JV to Belgian partner

LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore

Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality

Jubilant Foodworks Ltd operates fastfood chains Domino's Pizza and Dunkin' Donuts in India

Delivery Hero to sell South Korean unit for $4 billion Woowa deal approval

The sale clears a major hurdle for Delivery Hero in gaining the dominant position in the world's third-largest online food delivery market

Reliance to buy out IMG Worldwide from sports management joint venture

Reliance Industries Ltd has agreed to buy out IMG Worldwide LLC from their sports management joint venture for Rs 52.08 crore

'Outstanding at what she does': India-born rakes in billions for JPMorgan

Advising companies on M&A is one of the prestige roles in investment banking, generating both huge fees and headlines when a deal comes together

Time ripe for M&A in financial services

Financial services have been a mainstay for the broader M&A markets across cycles in India

IBM buys fintech firm Expertus to expand digital payment solutions

Tech giant IBM has acquired Montreal-based fintech company Expertus Technologies for an undisclosed sum

Blackstone poised to buy Piramal Glass for $1 billion: Report

The transaction could be announced as soon as in the next few weeks, the report said