Viacom Inc. Chief Executive Officer Bob Bakish discusses the $340 million acquisition of Pluto TV, content distribution strategy, and progress in talks about a merger with CBS Corp. He speaks with Bloomberg’s...
Here’s Why Bristol-Myers Needs a $74 Billion Shot in the Arm
Bristol-Myers Squibb Co.’s impending $74 billion acquisition of biotechnology giant Celgene Inc. makes it easy to overlook something as relatively prosaic as the firm’s fourth-quarter earnings results Thursday. They...
Alibaba-backed Easyhome to float new retail unit in $5.7 billion reverse merger
Alibaba-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion with a Chinese state-backed listed retail conglomerate, showed stock exchange statements published...
Kuwait Finance House offers 17 pct premium in merger deal with Bahrain’s AUB
Kuwait Finance House agreed the terms of its merger with Bahrain’s Ahli United Bank , the two banks said in a statement on Thursday, ahead of the first major cross-border bank deal in the Gulf region. Bahrain’s Ahli...
Yellow Tie hospitality gobbles up Bombay Blue
Restaurant franchise management company Yellow Tie Hospitality Management, has acquired casual dining brand Bombay Blue from Everstone Equity-owned Blue Foods for an undisclosed amount. Yellow Tie Hospitality operates...
Mindtree founders eye white knight to check takeover bid
The founders of Bengaluru-based IT services company Mindtree are looking to shore up their control of the company against a possibly hostile takeover, with 21% stakeholder VG Siddhartha’s exit imminent, said people...
GAIL moves NCLT opposing Alok Industries resolution plan
Gail India has filed an application before the National Company Law Tribunal, opposing a resolution plan that Reliance Industries has proposed in partnership with JM Financial Asset Reconstruction Company for Alok...
ZEE in talks with 3 firms to halve promoter holding
The promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on three companies to sell half of their holding in the entity, according to three persons with direct knowledge of the development. The three...
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing...
Reliance arm looks to raise ₹4,000 crore
Reliance Industrial Investments Holdings Ltd (RIIHL) is planning to raise ₹4,000 crore to meet the group’s funding and investment requirements, two people aware of the development said, requesting anonymity. “The funds...
Lingerie retailer Clovia parent raises funding in round led by AT Capital
Purple Panda Fashions Pvt. Ltd, which runs lingerie retailer Clovia, has raised $10 million in a fresh round of funding led by Singapore-based private equity firm AT Capital, a top Clovia official said. Existing...
Citykart Retail raises ₹100 crore from IDFC Alternatives, India SME Investments
Citykart Retail Pvt. Ltd , a value apparel retail chain, on Thursday said it has raised ₹100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority stake. The Delhi-based company...
