Mergers & Acquisitions

Ybrant Digital To Bid On US-Based Direct Marketer Media Breakaway: Report - 0 Comments
Posted By Joseph Weisenthal - Mon 21 Jul 2008 10:46 AM PST

Here’s an odd one… Ybrant Technologies, the Hyderabad-based digital marketing firm, is reported looking to buy Media Breakway, the US direct marketing firm with a spammy past. The Economic Times…

RCOM-MTN Mutually Agree To Call Off Talks - 0 Comments
Posted By VCCircle - Fri 18 Jul 2008 09:30 AM PST

India’s second largest telecom company, Reliance Communications, has decided to call off the merger talks with South Africa’s MTN. The decision to call off talks is a mutual decision. RCOM…

Guardian Execs On ContentNext Acquisition: McCall, Brooks Talk Up Expansion - 0 Comments
Posted By Staci D. Kramer - Fri 11 Jul 2008 09:44 AM PST

The acquisition of our parent company, ContentNext Media, is a major change for us, but it also marks a turning point for the UK company to which we now belong.…

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Quatrro Acquires BPO UK-based Gaming Outsourcing Firm Babel Media - 0 Comments
Posted By VCCircle - Tue 01 Jul 2008 08:51 AM PST

In its sixth and the biggest acquisition till date, Raman Roy-led Quatrro BPO, backed by US-based hedge fund DE Shaw Group, has acquired British firm Babel Media, a provider of…

AT&T Close To Buying Out Majority Stake In Aircel - 0 Comments
Posted By Cerius Shah - Mon 30 Jun 2008 12:54 PM PST

Looks like Bharti Mittal’s prediction of consolidation being inevitable in the telecom space has come true. Close on the heels of the Spice - Idea merger, ET reports AT&T is…

TravelGuru Sells Majority Stake To Expedia For $17 Million - 12 Comments
Posted By Robert Andrews - Mon 30 Jun 2008 01:55 AM PST

This story was written in conjunction with our content partner VCCircle... In a significant development, the world’s leading travel portal Expedia has acquired a majority stake in India’s top online…

Idea - Spice Merger Complete; Telekom Malaysia To Hold 14.99% Stake - 0 Comments
Posted By Cerius Shah - Wed 25 Jun 2008 12:44 PM PST

The deal is finally over with, Idea has bought the Modi’s 40.80 stake in Spice Communications at Rs 77.30 a share. The stake, valued at Rs 2,175 crore will see…

Tata Hikes Stake In Neotel By 30 Percent - 0 Comments
Posted By Cerius Shah - Wed 25 Jun 2008 10:06 AM PST

Tata Communications has hiked its stake in South African telco Neotel by 30% by acquiring stake in two state-run firms Eskom and Transnet reports ET. Tata had previously acquired 26…

Search Marketing Firm Communicate2 Sells Stake To Aegis - 2 Comments
Posted By Rafat Ali - Thu 12 Jun 2008 08:42 PM PST

Mumbai-based search marketing and contextual ad firm Communicate2 is being bought by Aegis Media, the $20 billion multinational marketing holding company. The terms were not disclosed, but the company said…

Idea To Buy Modi Spice Stake For Rs 2,200 Crore - 0 Comments
Posted By Cerius Shah - Tue 10 Jun 2008 10:48 AM PST

The conflicting reports have now been put to rest. As earlier reported by CS, Idea has finalized the acquisition of BK Modi’s 40.8% stake in Spice communications for Rs 2,200…

Spice - Idea Merge, BK Modi To Exit Completely: Reports - 0 Comments
Posted By Cerius Shah - Fri 06 Jun 2008 11:29 AM PST

Early reports coming in from CNBC state BK Modi is exiting Spice Communications with Idea picking up 40% stake. Idea will replace Modi as the Indian partner with Telekom Malaysia…

Times Bought Virgin Radio For The Convergence; Will Not Use Virgin Brand - 0 Comments
Posted By Cerius Shah - Fri 06 Jun 2008 04:07 AM PST

Why did Times of India buy Virgin Radio? Because of the internet, A.P. Parigi, CEO of its TIML unit, suggested to FT. “‘Now is the time, Parigi,’ (group CEO Vineet…

Tanla Acquires $15.8 Million Stake In Finnish-based Openbit - 1 Comment
Posted By Tricia Duryee - Thu 05 Jun 2008 12:43 PM PST

Tanla, an Indian provider of mobile services, said it acquired an 85 percent stake in Openbit, a Finland-based mobile payment software company for $15.8 million in cash (Euro 12 Million)reports…

Virgin Radio Sold To Times of India Publisher For $106 Million - 0 Comments
Posted By Rafat Ali - Sun 01 Jun 2008 12:29 AM PST

Indian media company Bennett, Coleman & Co, owner of Times of India newspaper, has made its biggest international buy: it has bought out UK’s Virgin Radio for about $106 million.…

UTV Completes Acquisition Of 76 Percent Stake In IT Nation For Rs. 15 Crores - 0 Comments
Posted By Nikhil Pahwa - Mon 26 May 2008 11:36 PM PST

Update: UTV has acquired 76 percent stake (not 80 percent stake as earlier indicated to the BSE) in IT Nation for Rs. 15 crores. More importantly, they intend to invest…

Reliance Globalcom Acquires Struggling UK Based MVNO Vanco For $76.9 Million - 0 Comments
Posted By Nikhil Pahwa - Mon 26 May 2008 05:25 AM PST

Reliance Globalcom has acquired 100 percent stake in UK based MVNO Vanco for $76.9 Million. Vanco services over 220 MNC customers, including AVIS, British Airways, Siemens, Virgin Megastores; the acquisition,…

Videocon Emerges As Buyer For Motorola’s Handset Division; In Early Talks - 0 Comments
Posted By Tricia Duryee - Fri 23 May 2008 10:26 AM PST

Videocon said today it was in early talks to buy Motorola’s (NYSE: MOT) handset division, according to the Business Standard. Videocon, a consumer electronics company, said it made a bid…

HP’s SnapFish Acquires MeraSnap In India; “It’s A Customer Acquisition” Says SnapFish MD - 2 Comments
Posted By Nikhil Pahwa - Wed 21 May 2008 11:42 PM PST

HP-owned SnapFish has acquired MeraSnap.com, one among many is the nascent online photo finishing space. MeraSnap was one of the unfunded players in this segment, which includes KPCP & Sherpalo…

Vaporware: Zapak Talking To Six U.S. and Chinese Companies on Acquisition - 2 Comments
Posted By Rafat Ali - Sun 18 May 2008 07:35 PM PST

Zapak is indulging in vapor talk again: Anil Ambani-owned gaming firm Zapak Digital Entertainment says it is in talks with about six gaming companies in U.S. and China for acquisition.…

OnMobile Acquires France’s Telisma S.A. - 7 Comments
Posted By Cerius Shah - Sun 18 May 2008 02:24 AM PST

OnMobile Global, India’s VAS major, has acquired France based speech recognition software provider Telisma S.A. As per the earnings call we had covered recently, OnMobile had indicated two acquisitions, the…

CBS-CNET: Full Coverage - 0 Comments
Posted By Amanda Natividad - Thu 15 May 2008 11:11 PM PST

As has already been widely reported, CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion cash, marking the big acquisition we had anticipated and enabling CNET to avoid…

Bharti Airtel Bids $22 Per Share For South African Telco MTN: Report - 0 Comments
Posted By Nikhil Pahwa - Tue 06 May 2008 12:30 AM PST

A note was sent out by Bharti Airtel PR last night, stating that “Bharti Airtel Limited has entered into an exploratory discussion with MTN Group Limited, South Africa. Current discussions…

Microsoft-Yahoo: Links To All Of Our Coverage - 0 Comments
Posted By Amanda Natividad - Sat 03 May 2008 10:56 PM PST

For quick access to our coverage on Microsoft (NSDQ: MSFT) withdrawing its offer to purchase Yahoo (NSDQ: YHOO) on paidContent.org… -- BREAKING: Microsoft Withdraws Offer For Yahoo -- MSFT-YHOO: From…

Telco Roundup: M&A Guidelines; TRAI Recommends Increase In FDI In News Broadcasting - 0 Comments
Posted By Cerius Shah - Sun 27 Apr 2008 02:21 AM PST

-- The DoT has issued M&A Guidelines for telecom licenses, stating that no merger and acquisition will be allowed if as a result of which the number of service providers…

RCom Acquires UK Based WiMax Operator; Plans $500 Million Investment In 2-3 Years - 1 Comment
Posted By Nikhil Pahwa - Thu 24 Apr 2008 09:33 PM PST

Indian telecom major Reliance Communications has acquired 90 percent stake in UK based WiMax co eWave World. The acquisition has been made through Reliance Infocom BV, a division of Reliance…