BUYOUT

  • Snapchat rejects $3 billion acquisition offer from Facebook: Report November 14, 2013

    San Francisco: Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday. Facebook representatives reached out to Snapchat in recent weeks to discuss the allcash deal, which would have been...
  • eBay to acquire Braintree for $800 mn, to bolster PayPal business September 26, 2013

    Bangalore: EBay Inc said it would buy payment gateway Braintree for about $800 million in cash to add to its PayPal business. Braintree will continue to operate as a separate service within PayPal, led by Braintree Chief Executive Bill Ready, EBay said. Braintree, which has more than 180 employees, helps to process...
  • Nokia's buyout chances in focus ahead of secondquarter results July 13, 2013

    Helsinki: Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own. Investors will be scrutinising secondquarter results to see whether there's enough cash to stay with a turnaround plan which Elop...
  • Dell board recommends Michael Dell buyout offer June 1, 2013

    Round Rock: The Dell board is standing behind a buyout offer from the company's CEO and founder, and it has asked shareholders of the slumping PC maker to approve the deal in a July 18 vote. The company's announcement Friday is the latest volley in a battle with prominent shareholders over...
  • Dell closer to buyout as price talks narrow February 5, 2013

    New York: Dell Inc moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis. Talks between Dell, the world's No. 3 computer maker, and a consortium led by its founder...
  • Dell nears buyout that could top $24 billion: Sources February 3, 2013

    New York: Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday. The buyout...
  • Dell buyout talks advance, Silver Lake lines up banks January 16, 2013

    New York: Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters, propelling shares of the No. 3 computer maker 7 percent higher. Buyout firm Silver Lake Partners, which is...
  • Dell likely to go private, shares soar January 15, 2013

    Texas: Dell's stock soared 13 per cent Monday on a report that the struggling personal computer maker is in talks to take the company private. Citing unidentified people familiar with the situation, Bloomberg News said Dell has discussed a potential sale with at least two firms that specialise in buying companies...
  • Tata Communications pulls out of CWW buyout bid April 18, 2012

    New Delhi: Tata Communications on Wednesday said that it would not make any offer to acquire Cable & Wireless Worldwide as it had failed to reach agreement with the British firm. "TCL was evaluating a possible cash offer for Cable & Wireless Worldwide Plc (CWW). TCL today confirms that it has...
  • Sony Ericsson is now Sony Mobile Communications February 16, 2012

    Tokyo: Sony Corporation (Sony) has finally announced that it has finally acquired Telefonaktiebolaget LM Ericsson's ("Ericsson") 50 per cent stake in the pair's former joint venture Sony Ericsson Mobile Communications AB ("Sony Ericsson"). The company also announced to rename the now fully Sony owned Sony Ericsson as "Sony Mobile Communications". This...
  • Satyam strong and safe, says Mahindra April 20, 2009

    Hyderabad: Tech Mahindra, the new owner of Satyam Computer Services, on Monday said it was excited about the prospects of the fraudhit IT major and that restoring financial health was the priority. After the first meeting with the governmentappointed board, Chief of Mahindra Group, Anand Mahindra, said Satyam would remain a...
  • Board sets eligibility criteria to buy Satyam February 23, 2009

    New Delhi: Satyam Computer Services Ltd board has set the eligibility criteria to buy the fraudhit IT giant. Sources tell Network18 that Satyam board is looking at minimum net worth criteria for bidders. The board is however, undecided on IT experience as an eligibility criterion. Investors including BK Modi of the Spice...
  • Larsen & Toubro frontrunner to buy Satyam January 22, 2009

    Mumbai: Larsen & Toubro Ltd was likely to present a revival plan to the board of fraudhit Satyam Computer Services Ltd, media reports said on Thursday. Larsen was a frontrunner for acquiring the Hyderabadbased outsourcing firm, the Business Standard said. Institutional investors in Satyam such as Life Insurance Corporation and...
  • Satyam board undecided on a buyout: Minister January 21, 2009

    New Delhi: Troubled IT company Satyam may have found some suitors, but the Government says it's not selling off the company just yet. Satyam has been approached by both Indian as well as foreign buyers but the Government has taken no view on the proposals to buy the fraudhit IT...
  • Bharti makes most expensive buyout bid for SA company May 6, 2008

    New Delhi: In what is the most expensive bid for a buyout by an Indian company, Bharti Airtel has bid close to $19 billion for a 51 per cent stake in the South African telecom company MTN. Bharti has secured $12 billion of financing from Goldman Sachs and Standard Chartered and...
  • Videocon all set to say Hello Moto! April 2, 2008

    New York: Indian electronics firm Videocon is interested in buying US company Motorola's struggling mobile phone subsidiary, the company's chairman said Tuesday. Venugopal Dhoot told the Financial Times that the company had conveyed its interest to Motorola, but he would not say how much Videocon was prepared to pay. Motorola last week...
  • Yahoo sees growth up, argues for higher Microsoft bid March 19, 2008

    New York: Yahoo Inc said on Tuesday it is on track to meet its 2008 earnings forecast and gave a rosy revenue view for the next two years as it makes a case for a higher takeover price from Microsoft Corp. The remarks allayed concerns about Yahoo's financial performance this...
  • Yahoo faces lawsuits for bungling Microsoft bid February 29, 2008

    Sunnyvale, California: Yahoo Inc is facing seven shareholder lawsuits alleging the slumping Internet pioneer bungled its response to Microsoft's unsolicited takeover bid. Microsoft is preparing to overthrow Yahoo's 10member board following its rejected buyout offer. The Sunnyvalebased company provided a breakdown of the suits in an annual report filed on...
  • HDFC bank agrees to buy Centurion bank February 23, 2008

    Mumbai: HDFC bank, India's thirdbiggest lender by market capitalisation, agreed on Saturday to buy Centurion Bank of Punjab in an allshare deal in the nation's biggest financial sector buyout. The boards of the two banks will meet on February 25 to consider the share swap ratio and again on February...
  • Cheers and shocks greet Yahoo takeover bid February 2, 2008

    New York: Microsoft Corp, the software giant, said on Friday it had offered to acquire Internet media company Yahoo Inc in a proposed cash and stock deal valued at $44.6 billion. Microsoft said it had offered to buy Yahoo for $31 per share, which it said represented a 62 per cent...
  • Satyam sets aside $1 billion as buyout kitty September 16, 2007

    Mumbai: Indian software services firm Satyam Computer Services Ltd has set aside $1 billion to buy companies, a newspaper said on Saturday. "Any acquisition we make should have a lot of synergy with what we are doing," Chairman B. Ramalinga Raju was quoted as saying in the Business Standard, which has...
  • Wipro buys Singapore's Unza FMCG firm July 6, 2007

    New Delhi: Wipro's consumerproducts unit has bought Singapore's Unza Holdings, makers of toiletries, for $246 million in cash. The acquisition will almost double revenue for Wipro's consumer care and lighting unit, which makes soaps and light bulbs. The unit posted a 36 per cent increase in sales in the year...
  • ESPN buys cricket website Cricinfo June 11, 2007

    New Delhi: Walt Disney Co's sports network ESPN has acquired pioneering cricket website 'Cricinfo'. "Growing our business in the online world is vital for us to serve sports fans. Cricinfo is a tremendous property with a great fan base and it will be a strong addition to ESPN," PTI quoted managing...
  • Corus confirms Tata's buyout proposal October 17, 2006

    New Delhi: It's finally official. It could be India's biggest deal as the Tata's have bid to acquire 100 percent stake in UK based Corus Group for whopping $9 billion. Tata Steel is offering an all cash deal for the acquisition. Corus is in discussion with the Tata management and...
  • Wipro buys Sweden firm for $31 mln September 28, 2006

    Bangalore: India's thirdlargest software services exporter, Wipro Ltd, said on Thursday its engineering arm had bought Swedish hydraulic components maker Hydrauto Group AB for $31 million in an all cash deal. The deal is likely to be completed by the end of 2006, the company said in a statement. Wipro...
  • POSCO wants to buy Asian steel maker September 19, 2006

    Seoul: POSCO Co Ltd, the world's fifthlargest steel maker, is looking to buy an Asian steel maker as it fights for survival in the global market after the megamerger of Mittal Steel and Arcelor. The formation of Arcelor Mittal, a giant capable of producing more than 100 million tonnes of...
  • Hearing on JetSahara case on Sep 21 September 18, 2006

    Mumbai: The Bombay High Court on Monday adjourned for next Thursday, hearing on an arbitration petition filed by private carrier Jet Airways in connection with the failed deal to takeover rival Air Sahara. "The petition will be heard on September 21 considering the urgency of the matter," Jet Airways counsel Janak...
  • Bombay HC to hear JetSahara deal August 28, 2006

    New Delhi: The Supreme Court on Monday directed that all disputes arising out of the collapsed deal for acquisition of Sahara Airlines by Jet Airways for Rs 2,300 crore will be heard by the Bombay High Court. The order was passed by a Bench headed by Chief Justice Y K Sabharwal,...
  • SC to hear JetSahara case on Monday August 26, 2006

    New Delhi: The JetSahara case will come up for hearing in the Supreme Court on Monday. Sources say a decision could be expected on two counts whether the freeze on the Rs 1,500 crore Escrow account will continue, and in which the court case would subsequently be heard. The...