Page 2 - M&as

Chipmaker AMD says Xilinx acquisition will double its presence in India

AMD has acquired Xilinx for $35 billion, which is the biggest acquisition deal in the semiconductor segment.

Facebook's crypto venture to wind down after asset sale to Silvergate

Meta reports fourth-quarter earnings on Wednesday and plans to break out results of its metaverse-oriented hardware unit for the first time

Adar Poonawalla picks up 20% stake in JetSynthesys' subsidiary Wakau

Poonawalla joins superstar Amitabh Bachchan as Wakau's league of investors

US fund TFCC buys 46% stake in Ramcharan Co for $4.14 billion

The investment will go into the target company's energy management systems and renewable energy devices with high storage capacity made from sodium silicate

RIL 'categorically' denies any intent to bid for the UK telecoms group BT

Reliance might make an unsolicited offer to buy into BT or try to get a controlling share, a news report said earlier on Monday

Deal street hits three-year high at $90.4 bn in first 9 months: Report

Deal making has shown considerable resilience this year, despite the challenges posed by the pandemic

Zoom, Five9 to terminate $14.7 bn all-stock deal after shareholder vote

Five9 said it would continue the partnership with Zoom that was in place prior to the announcement

Zoom to buy cloud-based call centre operator Five9 in $15-billion deal

Teleconferencing services provider has become a household name and investor favorite since the coronavirus pandemic.

'Undervalued': Sydney Airport Holdings rejects $17-bn takeover bid

The operator of Australia's largest airport said directors had unanimously concluded the proposal undervalued the airport and was not in the best interest of shareholders.

White House to target bank mergers, financial data with competition order

Bank mergers have been a target of progressives including Senator Elizabeth Warren, who says consolidation harms consumers.

Reliance Retail receives Rs 7,500 cr from Silver Lake for a 1.75% stake

Mukesh Ambani's Reliance Industries Ltd on Saturday said it had received Rs 7,500 crore from US private equity firm Silver Lake Partners, which had picked up 1.75 per cent stake in its retail arm

M&As to pick up once moratorium ends, loan recast takes off, say bankers

Several airlines, hotels, travel firms are likely to move their applications for one-time restructuring once moratorium ends. These companies will look at selling assets of stakes

M&A up 14.55 % in H120 led; Jio Platforms investments up deal value

As many as 183 deals generated $43.54 billion in 1H20, says report by financial data company.

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

Reliance increases stake in US-based tech company SkyTran to 26.3%

No regulatory approvals were required in India for the acquisition of shares

Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019

The deepening slowdown has had its impact on the deal market in 2019 with mergers and acquisitions (M&As) plummeting over 34 per cent to USD 67.1 billion but still making it the second best, on the back of the USD 6-billion ArcelorMittal takeover of Essar Steel, according to a report. As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the best-ever. But, the report is positive about 2020 as the government has eased foreign investment restrictions and plans to divest state-owned companies. The report attributes the optimism to the relaxation in the foreign direct investment policy in August, loosening the restriction on coal and lignite mining, contract manufacturing, single-brand retail, and digital media, which may bring more opportunities to foreign investors. "Overall M&As touched USD 67.1 billion across 422 deals, down 34.4 per cent in value and 3.4 per cent in volume compared to 2018 when .

Tata Global sells its Czech business to Dr Muller Pharma for Rs 31 crore

According to the agreement, TGB Czech Republic will cease to be a subsidiary of the company

Kurl-on looks at acquisitions, aims to become a home furnishings company

The company plans to achieve a turnover of Rs 1,500 crore by next year

M&As likely to gain traction as more bankruptcy cases go to NCLT

In terms of actual deals, distressed M&As accounted for a nominal 3%of M&A volumes, with just 21 out of a total 623 deals closed since 2017

M&As on the rise as tech companies focus on top line growth

In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players