Mergers & Acquisitions

Spice Mobile Raising Rs. 7 Billion; JV With Blueberry

By Preethi J on March 5th, 2010 |

A month after announcing the merging of NSE listed Spice Mobiles, the handset manufacturing division, with Spice Televentures, the company has revealed its plans to raise capital. It will ... Continue_Reading

EdServ Takes Over SmartLearn Web TV For Rs 46M

By Preethi J on March 3rd, 2010 |

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After buying out Hyderabad-based education ERP provider Bridle Information and Technology Solutions (for its product SchoolMATE) last month and 2tion.com previously, BSE and NSE listed e-learning company EdServ SoftSystems is ... Continue_Reading

Updated: Reliance Mediaworks’ Hostile Bid For Fame

By Preethi J on March 3rd, 2010 |

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Updated: Reliance Capital Partners, Reliance MediaWorks Ltd and Reliance Capital purchased 11,830 equity shares, 0.03% of the equity share capital of Fame India at an average price of Rs 82.10 ... Continue_Reading

Meltwater Acquires Social Media Monitoring Co BuzzGain For $4 Million

By Diwaskar Chettri on March 3rd, 2010 |

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Norwegian software company Meltwater Group has has acquired social media monitoring company BuzzGain Inc. PC reports that the deal is worth $4 million including earn outs. BuzzGain is a California ... Continue_Reading

Airtel-Zain: Payout Of $9 Billion Expected; $255.38 Per Customer

By Nikhil Pahwa on February 17th, 2010 |

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Airtel has set an enterprise value of Zain Africa at $10.7 billion, with $10 billion to be paid on closing, and $700 million to be paid one year after the ... Continue_Reading

Updated: Airtel In Talks To Acquire Zain Africa

By Preethi J on February 16th, 2010 |

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Update: An ownership dispute between Econet Wireless and Zain has come in the way of Airtel’s plans to acquire the latter’s African operations, with Business World reporting Econet Chief Executive ... Continue_Reading

PVR Not Buying DT Cinemas Afterall; Breaks Off Talks

By Preethi J on February 16th, 2010 |

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Theatre chain owner PVR’s expected acquisition of DT Cinemas, announced in November 16, 2009, has not worked out and the company informed the BSE that the two firms have ... Continue_Reading

Spice Plans Large Mobility Play: New Entity, Revenues & Synergy

By Preethi J on February 15th, 2010 |

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Spice Mobile, led by industrialist BK Modi has consolidated its group’s telecom businesses into a single entity to be called Spice Mobility, effective January 1, 2010. The company’s board ... Continue_Reading

SinglePoint Buys M2Junction; Auction Based SMS Advertising

By Preethi J on February 15th, 2010 |

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(By Preethi J & Nikhil Pahwa) US based mobile advertising firm SinglePoint has acquired Hyderabad based M2Junction, launched barely a year ago, for an undisclosed amount. When asked if this was a ... Continue_Reading

Updated: Inox Buys 43.28% Stake In Fame For Rs.664.8M; Consolidation

By Preethi J on February 10th, 2010 |

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Update (Feb 9, 2009): Reliance ADAG has put a spanner in the works: According to Business Standard, Anil Arjun, CEO of Reliance MediaWorks has written to Fame India, asking why ... Continue_Reading

MakeMyTrip To Acquire Bus Ticketing Site Ticketvala

By Nikhil Pahwa on February 9th, 2010 |

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Online travel agency MakeMyTrip is in the final stages of negotiations to acquire online bus ticketing company Travis Internet Pvt. Ltd, which operates Ticketvala.com, MediaNama has learned from reliable sources within ... Continue_Reading

Classifieds BuyOut: Monster Buys Yahoo! HotJobs For $225M

By Preethi J on February 4th, 2010 |

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NYSE listed Monster Worldwide Inc has acquired Yahoo!’s Hotjobs sub site for $225 million, AFP reported. The deal is more of a ‘give and take’ – Monster will power ... Continue_Reading