Mergers

  • Is it time for a reverse merger, Derek O'Brien asks Congress May 20, 2014

    Kolkata: Trinamool Congress leader Derek O'Brien has made a very interesting suggestion and asked the Congress to look for a reverse merger with parties that broke away from it and are now regional powers. Derek, a close confidant of Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee, made the...
  • Zebra Tech to buy Motorola Solutions' unit for $3.5 billion: Report April 15, 2014

    Bangalore: Barcode printer maker Zebra Technologies has agreed to buy Motorola Solutions Inc's enterprise business for $3.5 billion in cash, the Financial Times reported, citing people familiar with the discussions. The deal was agreed in the past few days and could be announced as early as Tuesday, the newspaper said. Motorola...
  • Micromax plans to buy a stake in South Korean smartphone company Pantech: Sources April 14, 2014

    Seoul: India's No.2 smartphone marker Micromax Informatics Ltd has expressed interest in buying a stake in South Korean peer Pantech Co Ltd as part of its drive to expand overseas and go upmarket, two sources said on Monday. Pantech, South Korea's No.3 smartphone maker, has been under a debt-restructuring programme after...
  • TRS may take a final call on merger or alliance with Congress today March 3, 2014

    Hyderabad: Amid suspense whether TRS would merge with Congress or forge an alliance, a crucial meeting of the regional party would be held on Monday to take a call on the issue. The joint meeting of TRS politburo, MLAs and state executive would be held at the party office to deliberate...
  • Nokia mulls buying Juniper, merging it with NSN: Report February 20, 2014

    Frankfurt: Finland's Nokia is considering buying US-based network gear maker Juniper Networks to merge it with its unit Nokia Solutions and Networks (NSN), German online publication Manager Magazin Online reported, citing unnamed sources. NSN Chief Executive Rajeev Suri travelled to the United States late last year to discuss with Juniper's management...
  • Bharti Airtel agrees to acquire smaller rival Loop Mobile February 18, 2014

    New Delhi: Bharti Airtel Ltd, India's top telecommunications carrier, said on Tuesday it had agreed to acquire smaller rival Loop Mobile - the first merger in the country's crowded telecoms market in nearly six years. Bharti did not say how much it was paying for the assets of Loop Mobile, which...
  • Google acquires Israeli security startup SlickLogin February 17, 2014

    Jerusalem: The global internet giant Google is acquiring SlickLogin, an Israeli developer of sound-based password alternative, in an "acqui-hiring deal", which means SlickLogin's staff and knowledge will be integrated into Google, SlickLogin confirmed the deal on its website Sunday. "Today we're announcing that the SlickLogin team is joining Google," Xinhua quoted...
  • Sony, Lenovo in talks on possible PC business alliance: Report February 1, 2014

    Tokyo: Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday. The Japanese electronics and media giant called the report inaccurate while acknowledging that it was looking at various...
  • Lenovo restarts talks to buy IBM server unit: Source January 21, 2014

    New York: China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said - a purchase that would bolster its efforts to diversify beyond a shrinking PC market. The two companies failed to reach a deal last year...
  • Facebook to buy India-based app monitoring tool maker Little Eye Labs January 8, 2014

    Bangalore: Facebook Inc is buying India-based Little Eye Labs, a startup that builds performance analysis and monitoring tools for mobile Android apps, in a move that marks the social networking giant's first deal in the country. Facebook has been working to boost its mobile technology as it focuses on growing revenue...
  • Google acquires gesture recognition technology startup Flutter October 3, 2013

    New Delhi: Google has acquired a new startup Flutter, which makes gesture recognition technology for PCs. Flutter's first and only product is a Mac app - initially described as "Kinect for OSX" - that uses hand gestures to detect movements using the built-in webcam in machines. It lets users control...
  • After Microsoft deal, Nokia aims to tie up with Alcatel: Sources September 26, 2013

    New York: Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said. No formal talks are underway with Alcatel-Lucent,...
  • Google buys file transfer app Bump September 17, 2013

    New York: Google Inc. has acquired Bump, the maker of a smartphone app that allows users to share files by bumping devices together. The two companies did not release financial terms of the deal. In a blog post announcing the acquisition Monday, Bump CEO David Lieb said the company's apps, which...
  • Microsoft to acquire Nokia's devices and services business for $7.2 bn September 3, 2013

    Helsinki: Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from...
  • AOL to buy video ad platform for $405 million August 8, 2013

    New York: AOL Inc said on Wednesday it would buy Adap.tv, an electronic trading platform that helps companies advertise on video websites, for $405 million in its biggest acquisition under CEO Tim Armstrong. AOL, which is trying to rely less on its dial-up subscription service, also reported higher-than-expected revenue for the...
  • Delhi: BJP meeting expected to finalise Modi's plan for 2014 LS polls July 8, 2013

    New Delhi: The Bharatiya Janata Party poll panel chief Narendra Modi is in Delhi on Monday for a meeting of the Parliamentary Board as the party gears for the 2014 Lok Sabha polls. In the meeting, a decision is expected on making former party president Nitin Gadkari campaign in-charge of...
  • MSat-Tech Mahindra merger gets AP High Court approval June 11, 2013

    Hyderabad: The Andhra Pradesh High Court on Tueday approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders seeking to stall the proposal in its current form so as to safeguard their financial interest. The Court said, however, that the investigations into the alleged...
  • Morgan Stanley to sell Indian wealth management unit May 20, 2013

    Mumbai: Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. "Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management clients...
  • Yahoo's board approves $1.1 billion Tumblr acquisition May 20, 2013

    San Francisco: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic...
  • TCS rises on purchase of French IT provider Alti April 9, 2013

    Mumbai: Shares in Tata Consultancy Services rose as much as 2.2 per cent on Tuesday after the company announced it will buy privately-held Alti SA of France for 75 million euros. The acquisition signals Indian software service exporters' interest in diversifying its revenue base, and the acquisition could potentially help...
  • Diageo, United Spirits officials to meet this week February 17, 2013

    New Delhi: Top officials of Diageo and United Spirits, including its chairman Vijay Mallya, are likely to meet this week to discuss regulatory and other issues related to their proposed $2 billion deal. The transaction -- that would see global liquor major Diageo acquiring majority stake in United Spirits Ltd...
  • American Air unites with US Airways to create world's biggest airlines February 15, 2013

    AMR Corp and US Airways Group on Thursday unveiled an $11 billion merger deal after months of negotiations, creating the world's biggest airline with 6,700 flights a day. Now comes the hard part. Before they can welcome their first passenger onboard they have to get regulators to sign off on a...
  • American Airlines, US Airways announce $11 billion merger February 14, 2013

    Dallas: American Airlines and US Airways say they have agreed to merge in an $11 billion deal to create the world's biggest airline. The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker. The boards of the two airlines unanimously approved the deal late Wednesday,...
  • BlackRock to buy $80 million Twitter stake: Source January 27, 2013

    San Francisco: BlackRock, the world's largest asset management company, has taken an $80 million stake in Twitter Inc, a person with knowledge of the deal said Friday. The six-year old social media company will not raise new capital as part of the private deal that values the firm at more than...
  • Pearson in talks over Penguin-Random House merger October 26, 2012

    London: British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations. Pearson said on Thursday it "is discussing with Bertelsmann a possible combination of Penguin and Random House" but added that there is...
  • Bangalore: PU lecturers upset over merger plan September 22, 2012

    Bangalore: Terming the Dr Govandaiah’s report on the merger of schools with Pre University “unscientific”, the Karnataka State PU Education Officers’, Principals’, Lecturers’ and Non-Teaching Employees’ Federation have urged the State government not to accept the report. Speaking at the conference on Friday, State President of the federation, Muni Raju, said,...
  • Sesa Goa shareholders approve merger with Sterlite June 25, 2012

    Shareholders of iron ore miner Sesa Goa have approved of the Sesa-Sterlite merger, against analysts expectation of some opposition. Shares of Sesa Goa reacted to this news and were up 1.26 per cent to Rs 188.25. On February 25, London Stock Exchange-listed Vedanta Resources (parent company of Sesa-Sterlite) had announced to...
  • 'Air India-Indian Airlines merger was a mistake' May 10, 2012

    New Delhi: Civil Aviation Minister Ajit Singh has expressed regret over the Air India-Indian Airlines merger, saying the division was a mistake. Speaking to CNN-IBN, Ajit Singh said that in retrospect that decision did cause problems. "Their cultures were entirely different. Air India's way of doing things, Indian Airlines way of...
  • Satyam-TechM merger to create $ 2.4 bn IT giant March 21, 2012

    Mumbai: The diversified Mahindra Group on Wednesday announced the long-awaited merger of Mahindra Satyam with its another technology arm Tech Mahindra in an all-share deal that would create the country's fifth largest software firm with an estimated annual revenue of about $ 2.4 billion. Under the deal, which was cheered by...
  • Tech Mahindra, Mahindra Satyam merge March 21, 2012

    New Delhi: The swap ratio for the merger of Mahindra Satyam with Tech Mahindra has been fixed at 8.5 shares of Satyam for every one share of Tech Mahindra, by the boards of the two companies. The ratio is on expected lines, though some players felt Tech Mahindra shareholders should have...