June 24, 2017
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Mergers & Acquisition

Amazon to buy Whole Foods for $13.7 bn; Walmart, Target, Kroger should be Terrified

E-commerce giant Amazon Inc. on Friday announced that it would buy Whole Foods Market Inc. for $13.7 billion and it is a step forward to embracing brick-and-mortar stores that the giant has recently been experimenting with. The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. Amazon has previously offered food delivery through …

Bharti Airtel Ups The Ante in 4G Wars After Buying Tikona Networks

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Bharti Airtel is increasingly on a war footing against Reliance Jio, and it especially holds true after the telecom giant, the largest telco in the country, acquired Tikona Networks. Tikona Networks held valuable 20 MHz of 4G spectrum across five circles. Airtel acquired the Broadband Wireless Access (BWA) spectrum across all five of the circles for Rs 1600 crores. The move …

Vodafone and Idea To Merge Amid Growing Pressure From Reliance Jio, May Trigger Fresh Telecom Wars

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In the ongoing turbulence in the Indian telecom market, two giants, Vodafone and Idea, have confirmed merger talks in a move which could see India’s biggest telecom company being created. Vodafone Group Plc is in discussions to merge its Indian unit with that of Idea Cellular Ltd. The news comes in the wake of the ever-growing threat posed by Reliance Jio …

BookMyShow Looks To Expand Online Footprint With Acquisition of Hyderabad Based MastiTickets

BookMyShow

Online ticket booking portal BookMyShow has acquired MastiTickets, a rival but smaller ticketing firm, for an undisclosed sum of money. Sources suggest the deal was an all-cash one. The acquisition is seen to be largely targeting regional markets with special emphasis on Andhra Pradesh and Telangana. Regional markets easily boast of competing with the conventional Mumbai-based film industry in terms of output, …

Amazon & Flipkart Back Out from Acquiring Dubai’s Souq.com

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The US-based e-commerce giants Amazon and its Indian replica Flipkart has stepped down from acquiring Dubai’s e-commerce web portal Souq.com despite the deal being a US$1 billion worth. Both the firms were in talks to acquire the e-commerce website but the reports of backing out months earlier direct towards an increasing level of competition in the market of Mergers & …

PropTiger & Housing.com Merger May Raise 55 Million USD

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In a major consolidation in the online reality space, PropTiger.Com and Housing.Com today announced a merger to create India’s largest online real estate services company and the joint entity is most likely to raise USD 55 million from the fresh investment. As part of the transaction, the online real estate advertising firm REA Group Limited will invest near about 340 crores …

Tata-Trusts & Google-India Merge With Mobikwik To Expand Digital Literacy in India

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Ahead of demonetization probe so as to curb black money, several enterprises have joins hand and come forward to push the motto of Digital India hence making the entire nation choose cashless society leading to a cashless economy. In the recent terms, Tata-Trusts have joined hands with Mobikwik along with Google-India so as to expand digital literacy rate in the …

TitanX Acquired By Tata AutoComp in a Major Boost To Cater To Global Auto Components Market

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Tata AutoComp Systems today acquired TitanX, in a move that has been described by industry and sectoral experts as a major move to enable the Tata group-owned auto component-making concern cater to the growing global market for automobile components. The move will particularly enable Tata AutoComp to become a leading global engine cooling supplier. A statement of the acquisition was released in a press …

Sun Pharma Assures Acquiring Novartis’ Cancer Drug Odomzo For $175 MN

Sun Pharmaceutical Industries Ltd-soon-to-acquire-oncology-drug-odomzo-from-novartis-for-175-million-usd

Sun Pharmaceutical Ltd. has reportedly stated that it is all et to acquire Novartis’ cancer ailment drug named Odomzo for almost 175 million USD. The branded oncology product will be taken under possession soon which was declared during a regulatory filing to stock exchanges with a whopping charge of additional milestone payments apart from the acquisition amounts. The proposed deal, as …

European Hospitality Giant AccorHotels Acquire a 5% stake in Banyan Tree

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European hospitality giant AccorHotels has formed a new strategic partnership with Banyan Tree, the Singapore-based luxury hotel group in a move which includes the European hospitality giant acquiring a 5% equity stake in the smaller Asian group. Under a long-term partnership, AccorHotels will invest an initial €16 million, equivalent to SGD 24 million (Singaporean Dollars) in Banyan Tree and both parties …

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