Thomas Cook to sell India business !
Tweet Mumbai: Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received several proposals. The news sent the Indian arm’s stock soaring. The London-based parent company has been facing a downturn in business with the debt crisis in Europe [...]
Tweet New Delhi, India – December 20, 2011: Infosys BPO Limited, the business process outsourcing subsidiary of Infosys Limited, today announced the signing of a definitive agreement to acquire all of the outstanding share capital in Australia-based Portland Group Pty Ltd, a leading provider of strategic sourcing and category management services. The acquisition is expected [...]
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Tweet Bangalore: Software major Aditi Technologies acquired the US-based cloud computing start-up Cumulux for an undisclosed sum to offer cloud services and drive applications and workloads over a network, the company said Monday. "We are betting our business on cloud computing, which will give competitive advantage to customers as we have demonstrated our domain expertise [...]
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Tweet Mumbai: Titan Industries Wednesday said it will acquire Swiss watch brand Favre Leuba for 2 million Euro (Rs.13.6 crore). "The company has signed a binding offer with Valfamily SL Spain and Maison Favre Leuba, Switzerland, for the acquisition of brand Favre Leuba," the company said in a regulatory filing. "This acquisition, when completed, will [...]
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Tweet New Delhi: Swedish telecom equipment manufacturer Ericsson Thursday said Sony Corp would acquire its stake in their joint venture — Sony Ericsson Mobile Communications — for Euro 1.05 billion ($1.47 billion) making the mobile handset business a wholly-owned subsidiary of the Japanese electronic giant. "The transaction gives us an opportunity to rapidly integrate smartphones [...]
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Tweet Moscow: Software giant Microsoft has bought Internet communications company Skype for $8.5 billion in its largest ever acquisition deal, Microsoft said Friday. "Skype is a phenomenal product and brand that is loved by hundreds of millions of people around the world. We look forward to working with the Skype team to create new ways [...]
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Tweet Barcelona (Spain): Spain's Banco Sabadell acquired nearly all of the assets and certain liabilities of Florida-based Lydian Private Bank under the terms of an agreement with the Federal Deposit Insurance Corporation (FDIC). The FDIC closed down Palm Beach-based Lydian Private Bank Friday and reached a loss-share agreement with Banco Sabadell under which the Spanish [...]
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Tweet Washington: Google Inc. Monday announced that it has agreed to buy Motorola Mobility Holdings Inc. for about $12.5 billion, the largest purchase for the Internet search giant that will allow it to compete directly with other mobile phone makers, Xinhua reported. Google said that it will acquire Motorola Mobility for $40 per share in [...]
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Tweet Bangalore: Indian IT bellwether Infosys Ltd. Wednesday announced acquiring the software solutions business of Gen-i in New Zealand for an unspecified amount. "We have entered into a strategic partnership with Gen-I to acquire its software solutions practice and offered positions to its 110 employees who will continue to be based at Auckland, Wellington and [...]
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Tweet London : High-end fashion brand Jimmy Choo has been bought by a luxury goods firm from TowerBrook Capital Partners LP for a reported 525.5 million pounds, say reports. "I am immensely proud of all we have achieved over the last 15 years and delighted we are to be part of Labelux, a partner that [...]
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