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acquisition

Sodalis Group Acquires Majority Stake in Germany’s Artdeco Group

While the financial terms of the deal have not been disclosed, it’s understood that Sodalis Group will obtain more than an 80 percent stake in the firm. The transaction is anticipated to be finalized by early June, pending necessary clearance from antitrust authorities. Founded in 1985 by Helmut Baurecht, Artdeco Group comprises three brands: Artdeco, …

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Akamai Doubles Down on API Security With $450M Noname Acquisition Deal

Akamai Technologies has announced its acquisition of API security firm Noname Security for $450 million, aiming to extend protection across all API traffic locations. The acquisition underscores Akamai’s commitment to enhancing API security by focusing on improved discovery of “shadow” APIs and detection of API vulnerabilities and attacks. This strategic move comes as Akamai showcases …

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Sunoco Completes Acquisition of NuStar Energy L.P. and Announces Quarterly Distribution Increase

Sunoco has successfully completed the acquisition of NuStar Energy L.P. The merger received approval from NuStar unitholders during a Special Meeting held on May 1, 2024. As of May 3, 2024, NuStar’s common units have ceased trading on the New York Stock Exchange. This strategic acquisition significantly bolsters Sunoco’s stability, credit profile, and financial foundation. …

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Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global

News on MEA

Sony Pictures Entertainment and Apollo Global Management are in discussions regarding a potential joint bid for Paramount Global, according to reports from the New York Times and sources familiar with the matter. While the conversations are ongoing, several challenges must be addressed before a formal offer can be made. Apollo Global Management had previously considered …

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Airbus Abandons Potential Acquisition of Atos Data Division, Leaving Atos in Limbo

Atos, an IT services company facing financial challenges, has hit another roadblock in its attempt to sell off part of its business to address its debt issues. Airbus, a potential acquirer of Atos’s big data and security business, has decided to walk away from the deal after completing its due diligence investigation. The failure of …

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Centre Raises Threshold for Merger and Acquisition Vetting by Competition Commission of India

The Corporate Affairs Ministry has announced revisions to the thresholds for mergers and acquisitions (M&As), altering the criteria for exemption from Competition Commission of India (CCI) approval. Under the new regulations, companies are not obligated to notify the CCI if the target entity’s assets, including subsidiaries, amount to less than Rs 450 crore, with a …

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RJ Corp Acquires Rs 379 Crore Worth of Global Health Shares in Open Market Transaction

RJ Corp, led by Ravi Kant Jaipuria, has made a significant acquisition in the healthcare sector by purchasing 1.07% or 2.8 million shares of Delhi-based Global Health. The transaction, conducted through an open market deal, amounted to Rs 379 crore, as per BSE bulk deals data. The shares were acquired at Rs 379 apiece, marking …

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Reliance Industries Nearing Multi-Billion Dollar Deal to Acquire Disney’s India Operations

News on MEA

Reliance Industries Ltd., led by Mukesh Ambani, Asia’s wealthiest tycoon, is reportedly nearing a significant deal involving cash and stock to acquire Walt Disney Co.’s operations in India. This deal revolves around Disney’s controlling stake in the Disney Star business, valued at approximately $10 billion, offering an alternative to the previously considered piecemeal transactions. Reliance …

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A new innings start for Air India as TATA Group wins the bid for 100% acquisition of Air India

After suffering through heavy storms of the financial crisis, the Government of India finally approved the 100% disinvestment in Air India. The bid was open two weeks ago, and the TATA group won it. The TATA Group holding a company, Tata Sons, through its wholly-owned subsidiary Talace Pvt Ltd submitted a winning bid of Rs. …

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