Mergers & Acquisitions

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
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 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
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 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
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
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 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
(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
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
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
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