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Ziff Daviss Challenged by Univision in bid for Gawker: Reuters

A $90 million stalking horse bid from media company Ziff Davis LLC has been challenged by Univision Holdings Inc which has offered to acquire Gawker Media LLC, Reuters reported quoting sources, in the auction for the U.S. internet publisher.   Univision is not shying away from a news brand...

Mofcom Approval Necessary for Didi, Uber deal, say China Regulator

It needs to review Uber China’s sale to Didi Chuxing but hadn’t received the paperwork, one of China’s anti-trust regulators said in a somewhat surprising admission.   China's commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the proposed merger...

NetSuite Acquisition to Give Oracle Gains in Cloud Clout

A deal, that would give Oracle a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison, would see Oracle Corp buying NetSuite Inc for about $9.3 billion.   According to a regulatory filing Ellison beneficially owns hold about 40...

Rocket Internet-Backed Online Fashion Store Bought for $70 Million by India’s Flipkart

In a move that will mark further consolidation in India’s booming e-commerce industry Flipkart-owned Myntra today said it has acquired Jabong from Global Fashion Group for an undisclosed amount.   From the deal, a combined base of 15 million monthly active users would be available to Myntra...

Sources say front-runner in Yahoo auction is Verizon

After reviewing final bids that it received this week, Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc, several sources weee quoted in the media as saying.   By giving it access to Yahoo's advertising technology tools, as well other assets such as search,...

Bayer’s Sweetened Offer Rejected by Monsanto, Opens Doors for Talks

While confirming that it was open to further talks with the German healthcare and chemicals group as well as other parties, the U.S. seed company Monsanto Co turned down a sweetened $64 billion acquisition offer from Bayer AG.   Bayer has been put under pressure to sweeten its offer once...

In PNG Push, Bidding War for InterOil Launched by ExxonMobil’s Bidding

Winning the support of its target and topping an offer from Australia's Oil Search Ltd, ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield.   As the French giant looks to push forward with its planned Papua LNG...

$12.5 billion U.S. Organic Food Deal Helps in Expansion of Danone

Through the buying organic food producer WhiteWave Foods Co in a deal that values the company at $12.5 billion including debt, France's Danone hopes to double the size of its U.S. business, the company said recently.   The purchase would help the French company to add WhiteWave's popular...

Deals and not War – The New Mantra for Automakers and Tech Companies

The playbook in the contest to control the future of personal transportation is being rewritten by a flurry of deals between big automakers and ride hailing and transportation startups.   Ride-hailing services and car sharing companies can be turned into steady customers for all sorts of...

Bayer’s $62 Billion Bid Rejected by Monsanto, says Open to Talks

Terming the bid by Bayer AG as "incomplete and financially inadequate", Monsanto Co, the world's largest seed company, turned the $62 billion acquisition bid while saying that the company was open to engage further in negotiations.   Even as Bayer faces criticism from some shareholders that...

Gannett’s Takeover Offer Rejected by Tribune as it gets $70.5 Million Investment

With an investment that made Los Angeles billionaire Patrick Soon-Shiong the second largest shareholder of Tribune Publishing Co, the owner of the Los Angeles Times and the Chicago Tribune, the billionaire reportedly has invested $70.5 million in the company, said the publishing house recently....

Scandal-hit Mitsubishi Motors Granted Lifeline as Nissan set to Buy $2.2 Billion Controlling Stake

Taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival, Nissan Motor Co has agreed to buy a 34 percent stake in Mitsubishi Motors Corp.   The deal is a lifeline for Mitsubishi Motors as it has had $3 billion wiped off its market value after confessing...
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