Singapore Telecommunications (Singtel) has acquired 7.39 percent stake in the Indian telecom company, Bharti Telecom the parent of Bharti Airtel. It plans to acquire a 21 percent stake in Intouch for 1.58 billion Singapore dollars ($1.18 billion) and an additional 7.39 percent stake in Bharti Telecom for 884 million Singapore dollars ($650 million), through wholly-owned subsidiaries.
Continue reading “Singtel to acquire 7.4% stake in Bharti Telecom”
Amazon is said to be looking forward to acquire a stake in HERE digital mapping company, that was acquired by three German carmakers – Audi, BMW and Mercedes for Euro 2.8 billion ($3.1 billion) last year. Continue reading “Amazon reportedly eyes a stake in HERE maps”
Yahoo has announced that it has killed its plan to spin off its $32 billion stake in Alibaba Group Holding Ltd. The company will now transfer the assets and liabilities excluding the Alibaba stake to a newly formed company.
Continue reading “Yahoo suspends plans to spin off Alibaba stake”
Micromax is looking forward to sell one fourth of its stake or about $700 million (Rs 4,200 crore) to Alibaba, according to a latest report from the Economic Times.
Continue reading “Micromax eyes to sell over 20-26% stake to Alibaba”
