Deal Financial News

(Reuters) — Danaher Corp (NYSE:DHR) said on Monday it would buy medical equipment vendor Abcam Plc in a deal valued at $5.7 billion.

BEIJING — Chinese electric car company Xpeng said Monday it is buying Didi's smart electric car development business in an exchange of shares worth $744 million.

Zomato share price rallied over 5% in early morning trade on Monday amid reports of a block deal in the shares. Zomato shares jumped as much as 5.56% to a high of ₹96.00 apiece on the BSE. As per CNBC-TV18 report, around 3.2 crore Zomato shares worth ₹288 crore changed hands in the block deal window at ₹90.10 per share.

Xpeng said it will acquire ride-hailing giant Didi's smart electric vehicle unit and the two companies will form a strategic partnership. Xpeng's shares surged around 16% in early Monday trade. As part of the deal, which could be worth as much as $744 million, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment. «Project 'MONA' will accelerate the Company's production and sales growth and help achieve greater economies of scale,» Xpeng said in a statement. Didi will support the launch by «providing access to its mobility market» and the two companies will explore strategic cooperation in a number of areas, including marketing, financial and insurance services. Didi will acquire around 3.25% of Xpeng shares under the deal, which could increase depending on whether production and sales targets are fulfilled.

A second container ship has left port through a temporary Black Sea corridor established by Ukraine’s government after Russia halted a wartime agreement aimed at ensuring safe grain exports

Dual listed telecommunications business Chorus Limited has mandated ANZ, Citi, and Westpac to drum up interest in a potential seven-year medium term note.

Newcastle United, the club is poised to usher in a new era of grandeur by bidding farewell to sportswear manufacturer Castore and welcoming back the renowned leisurewear behemoth, Adidas. This monumental five-year partnership, rumored to be valued at an astounding sum of hundreds of millions of pounds, promises to reshape the Magpies' identity on and off the field.

G20 summit in New Delhi in September. The conflict relates to transparency questions related to wife Akshata Murthy’s Infosys shares – massive Bengaluru-based international IT services and consultancy company, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, reported The Guardian.

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October.

GE engine will hopefully be done by Monday, US Ambassador to India Eric Garcetti told ET on Friday, ahead of President Joe Biden's visit for bilateral engagements and G20 Summit. «What makes this visit special is G20 plus bilaterals...since the State visit, there has been no let up on Indian side and no let up on our side. There is excitement, we do dozens of things together — arts, culture, economy and defence. Our bilateral work is also multilateral work,» Garcetti said. The Biden visit (September 7-10) could witness further agreements and more initiatives could be announced, according to Garcetti.

CNBC-TV18 reported. SoftBank owns 3.35% stake in Zomato. It had received Zomato shares during the Blinkit deal for selling its holding to the company.

₹939.00 apiece on the BSE. Around 2.3 crore Paytm shares or 3.6% stake of the company changed hands in a bunch of deals, according to reports. Earlier, reports said that Antfin was set to sell another 3.6% shares, or 2.3 crore shares in the fintech giant via block deal on Friday.

block deal on Friday, documents reviewed by ET showed. Jack Ma-founded Antfin will be selling the shares at ₹880 apiece, a discount of nearly 3% to Thursday's closing price of ₹904.4. Citibank is the broker for the deal. Antfin, which owned 23.79% stake in Patym at the end of the June quarter, sold 10.3% stake in the fintech company earlier this month.

Roark Capital Group has won the race to acquire United States sandwich chain Subway after seeing off a late challenge from a rival bid group led by TDR Capital and Sycamore Partners.

By Arriana McLymore

Reliance Industries (RIL) share price dipped about half a per cent in morning trade on BSE on Thursday, a day after the company announced Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹8,278 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This investment, the company said values RRVL at a pre-money equity value of ₹8.278 lakh crore. QIA’s investment will translate into a 0.99 per cent stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

A Costa Group profit warning has cast more doubt over whether a New York private equity firm will push ahead with a takeover offer pitched at $3.50 a share.

More than 40 banks have piled into data centre operator AirTrunk’s $4.6 billion novel debt deal linked to its carbon, energy and water usage, snapping a lacklustre year for Australian borrowers in sustainable financing markets.

If Microsoft Corp completes its acquisition of Activision Blizzard in the coming months, the $69 billion deal will go down as one of the biggest comeback stories in the history of mergers. By this past April, the gaming industry’s biggest acquisition ever appeared doomed. US regulators had filed a challenge to the takeover and their counterparts in the UK had blocked it outright.

Microsoft has revamped its bid to buy video game maker Activision Blizzard to appease British competition regulators

Commonwealth Games officials initially sought a “multibillion-dollar” payout from Victoria’s Andrews government for its cancellation of the 2026 event, and independent mediators were crucial in containing it to a$380 million deal that went down to the wire.