Venture capital fund Mountain Nazca has acquired a controlling stake in unlisted Latin American scooter firm Grow Mobility, the companies said on Wednesday, without disclosing financial details. Under terms of the deal...
Telecom Italia holds out for control of single broadband network
Telecom Italia (TIM) expects to make decisive progress this year on plans to provide Italy with ultra-fast broadband, but it will never accept a minority stake in any unified network created by a tie-up with smaller...
Co-op Bank Kenya seeks to fully acquire Jamii Bora Bank
The Co-operative Bank of Kenya has offered to fully acquire Jamii Bora Bank, the central bank said on Wednesday, in the latest instance of consolidation in the banking industry. The 55-year old Co-op Kenya, which is...
Invitae Acquires Diploid, Maker Of AI Engine To Enable Clinical Diagnosis Using Whole Genome Sequencing In Minutes
* INVITAE ACQUIRES DIPLOID, MAKER OF ARTIFICIAL-INTELLIGENCE ENGINE TO ENABLE CLINICAL DIAGNOSIS USING WHOLE GENOME SEQUENCING IN MINUTES * INVITAE CORP – WILL ACQUIRE DIPLOID FOR APPROXIMATELY $95 MILLION *...
Telefonica, TIM plan joint bid for bankrupt Brazilian carrier Oi
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings. The companies...
Goldman Sachs is ‘very open’ to acquisitions – CFO
Goldman Sachs Group Inc Chief Financial Officer Stephen Scherr said on Tuesday the bank is “very open” to acquisitions, especially those that would speed the growth of its existing businesses. “”We’re … very open...
College textbook merger raises ‘serious concern’ among U.S. lawmakers
Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new...
MCA panel’s scope on cross-border insolvency gets bigger
Committee to study Uncitral Model Law on ‘enterprise group insolvency’ The scope of work for the committee constituted to recommend rules and regulatory framework for the smooth implementation of cross-border insolvency...
Creditors of KSK Energy Ventures pass a resolution for its liquidation
The Committee of Creditors of independent power company KSK Energy Ventures Limited has recommended liquidation of the company after the failure to secure any resolution plan under the insolvency procedure. During a...
JSW Steel in quandary as Apex Court agrees to hear Bhushan Power promoter’s plea
Bankers agree to return JSW Steel money if it loses the case In a interesting twist, the Supreme Court had accepted the petition filed by Bhushan Power and Steel promoter Sanjay Singal against JSW Steel’s bid to take...
Xerox drawn into duplicative Japanese fight
A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
U.S. clears Infineon’s $10 billion takeover of Cypress
The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said...
