Independent buys into India paper
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Independent News & Media buys a 26% stake in Indian newspaper company Jagran, in a deal worth 25m euros.
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Reliance Industries Ltd., India&#39;s biggest non-state company, approved a share buyback plan disregarding opposition from Vice Chairman Anil Ambani amid a spat between the brothers running the company.
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NEW YORK -- Investcorp SA, a private investment firm, has inked a $350 million all-cash deal to buy 54 business publications put on the block by The Thomson Corp.
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LONDON--Oct. 12, 2004-- News Corporation today announced a significant investment in News International Limited, with the expenditure over the next four to five years of more than GBP 600million on new printing plants.
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Philip F. Anschutz, Denver billionaire and DC United investor, yesterday announced the purchase of the Journal Newspapers Inc., the Alexandria publisher of three Washington area suburban daily
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ExcelStor, owned by the Chinese government, is being acquired in a stock deal.
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The Independent, England's leading newspaper, cannot get over Hrithik!
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(InfoWorld) - Oracle Corp. intends to acquire another 20 percent of the equity of Indian financial software company I-Flex Solutions Ltd. Oracle informed the Bombay Stock Exchange (BSE) in Mumbai on Wednesday of its intention. Oracle has offered to buy 16.63 million equity shares in I-Flex for Indian Rupees 1,475.00 (US$32) per share. The deal will total about $531 million if I-Flex shareholders accept the offer, which opens Nov. 6 and closes Nov. 25. Oracle of Redwood Shores, California, already holds a majority stake in I-Flex, based in Mumbai. The company announced last month that it would invest $125 million in I-Flex to increase its stake from 52.5 percent to 55.1 percent. The investment would help I-Flex fund its $122.6 million cash acquisition of Mantas Inc., a vendor of anti-money laundering and compliance software and services in Herndon, Virginia, I-Flex said. Oracle had said in August that it intended to increase its stake in I-Flex to meet Indian regulations regarding the acquisition of shares and takeovers. A number of multinational companies that have bought stakes in Indian companies, have then bought out joint venture partners or minority shareholders. In 2003, Hewlett-Packard Co. (HP) bought out the public share holding in Digital GlobalSoft Ltd., a software development and services subsidiary in Bangalore in which it had a majority holding. HP said at the time that it did not want a listed subsidiary in India because then it would be accountable to two sets of shareholders -- HPâs and Digital GlobalSoft's. IBM Corp. also bought out its joint venture partner, the Tata Group, to run its Indian operation as a wholly owned subsidiary. Oracle has, however, stated that it would like to retain the independence of the management and operations of I-Flex.
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Yahoo has acquired a stake in Indian Internet advertising company Tyroo MediaÂ to help it capture more of the country's fast-growing online ad market.
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Retailer Argos reveals plans to enter India through a franchise agreement with two Indian firms.
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Tata Steel of India has bought Anglo-Dutch producer Corus for 13.7 billion dollars, beating Brazilian rival CSN in an auction that highlighted the growing global clout of emerging market companies.
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Stora Enso Oyj, one of the world's largest makers of paper products, is selling its North American unit for about $2.1 billion to an Ohio-based company owned by the private equity firm Cerberus Capital.
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ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion.
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The Canadian aluminum company has agreed to be purchased by the Indian company Hindalco Industries.
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The Washington Post is buying Slate, the pioneering online magazine, from Microsoft for a sum estimated to be between $15m (Â£7.8m) and $20m.
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MEMPHIS, Tenn., Dec. 19  /PRNewswire-FirstCall/ -- International Paper  has signed two definitive agreements related to the sales of its beverage packaging and Arizona Chemical businesses for combined proceeds of approximately $985 million.
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By Manash Goswami  Reliance Industries, India's most valuable company, approved a plan to buy all the shares it does not own in Indian Petrochemicals, aiming to consolidate chemicals manufacturing in one company.