Merger and Acquisition
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Franchise India Bureau Mar 13 2018 - 1 min readIn a bid to extend its subscription services beyond music and online storage, Apple has purchased digital magazine distributor Texture, putting apple in control of the services. Often described as a Netflix of magazines, Texture allows readers to read articles in more than 200 magazines for USD $10 per month, much ...
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Franchise India Bureau Mar 06 2018 - 1 min readBharti Airtel has announced to purchase the India leg of West Asia’s first privately-owned sub-sea cable operator Gulf Bridge International. The asset links the country with West Asia and Europe. In a statement Airtel said it will also pick up significant share in the West Asia-Europe leg of Gulf Bridge’s sub-sea ...
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Franchise India Bureau Feb 28 2018 - 2 min readAmazon has purchased video doorbell startup Ring, an attempt of delivery arm to gain more access into people's homes. The deal is predicted to be valued at more than a billion dollars, however, the company did not disclose financial terms of the acquisition. An Amazon spokesperson said, "We're excited ...
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Franchise India Bureau Feb 23 2018 - 2 min readPrivate-sector lender Federal Bank has confirmed its interests in buying 26% stake in privately held investment bank Equirus Capital Pvt. Ltd for an unrevealed amount so as to surpass the traditional banking ideas and create additional revenue streams. In a joint statement the two companies said, the “strategic” minority stake will ...
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Franchise India Bureau Feb 20 2018 - 2 min readWalmart's investment deal with the home grown giant Flipkart has not only added supply to the local firm but as per the reports the deal may include setting up of a retail - offline - chain in India as well. The deal will pave a way for American retail giant to open retail outlets in ...