MERGERS AND ACQUISITIONS

  • Xiaomi-backed Chinese firm acquires iconic scooter maker Segway April 16, 2015

    Beijing: Chinese transportation robotics firm Ninebot said on Wednesday it has acquired US rival Segway, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose hype then faded. Financial details of the deal were not disclosed, but Ninebot Chief Executive...
  • Nokia says it is in talks to buy all of Alcatel-Lucent April 14, 2015

    Helsinki: Finland's Nokia announced that it was in advanced talks to purchase all of its Franco-American rival Alcatel-Lucent. "Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full merger, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent," the company...
  • Snapdeal buys online mobile recharge firm Freecharge; becomes India's largest mobile commerce company April 8, 2015

    Bengaluru: E-retailer Snapdeal.com said on Wednesday it bought online mobile recharge firm Freecharge for an undisclosed amount in a bid to boost its reach in the fast-growing mobile transactions business. Snapdeal, backed by SoftBank Corp, competes with Flipkart and Amazon.com's India unit in the country's online shopping market, which is expected...
  • Amazon in talks to buy online luxury retailer Net-a-Porter: Report March 27, 2015

    Bengaluru: Amazon.com is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter. The potential deal, first reported by Women's Wear...
  • Dropbox buys US-Israeli mobile document firm CloudOn January 21, 2015

    Tel Aviv: Online document-sharing company Dropbox has acquired US-Israeli CloudOn, a developer of tools to simplify creating and editing documents on mobile devices, the companies said on Wednesday. Financial details were not disclosed. CloudOn will become Dropbox's first Israeli office and will focus on research and development. Dropbox plans to hire more...
  • Twitter makes first Indian acquisition with mobile marketing startup ZipDial January 20, 2015

    Bengaluru: Twitter on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the US microblogging service looks to expand in the world's second-biggest mobile market. Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns. Consumers call the numbers and...
  • India's Zomato acquires US-based rival Urbanspoon for about $50 million January 13, 2015

    Mumbai: Indian restaurant search services provider Zomato acquired US-based rival Urbanspoon for about $50 million in one of the biggest overseas deals by an Indian startup and a company executive said it was in talks to raise about $100 million in fresh funding. India's rapidly growing Internet- and mobile-based companies have...
  • Facebook to buy Indiabased app monitoring tool maker Little Eye Labs January 8, 2014

    Bangalore: Facebook Inc is buying Indiabased 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...
  • MSatTech 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 onceiconic...
  • 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 privatelyheld 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...
  • Merger and acquisitions: India Inc steps on the gas July 8, 2011

    Perceptions of a new and emerging India have been given credence by the success of Indian businesses on the global stage and rising Indian investments abroad. Successful takeover of global brands by India Inc. have often been cited to predict that the country would become a dominant power in the...
  • M&A norms for telcos need to be liberal: Sibal April 11, 2011

    Current rules do not allow one company to hold 10 per cent or more in two competing operators. ...
  • M&A norms for telcos need to be liberal: Sibal April 11, 2011

    New Delhi: Merger and acquisition guidelines in India's crowded telecoms sector need to be liberal, Telecoms Minister Kapil Sibal said on Monday. India is overhauling its decadeold telecoms policy in a bid to make the world's secondlargest market for mobile phone services more transparent after the sector was hit by a...
  • New global acquisitions show India Inc's clout: WSJ June 2, 2008

    New York: Vedanta Resources' purchase of the bankrupt US copper miner Asarco for $2.6 billion in cash has highlighted the growing global clout of companies from emerging markets like India, the Wall Street Journal (WSJ) has said. The deal announced Saturday by Sterlite Industries, a unit of Vedanta, is the latest...