Athenahealth’s subscription-based cloud service tracks the revenues of hospitals, physicians and patients. According to sources familiar with the matter at hand, activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire Athenahealth Inc, a U.S…. Read More ›
valuation
Elliot Management finds Sky’s worth more than $34 billion
The bidding war for Sky’s assets are set to intensify in September, with Sept. 22 being the closing date for any such bid. British antitrust regulators have disclosed that Elliott Management believes Sky’s valuation is more than $34 billion, higher… Read More ›
$10.8 billion for Santos Ltd is ‘best and final’ offer: Harbour Energy
Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed. On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos… Read More ›
Landmark Transfer Pricing tax suit – Coca-Cola vs the U.S. IRS
The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
Wal-Mart in talks to purchase 40% stake in Flipkart
The strategic move by Wal-Mart represents a direct challenge to Amazon’s strategy of dominating the e-commerce space in India, Asia’s third largest economy. As per two sources familiar with the matter at hand, Wal-Mart Inc is in talks to purchase… Read More ›
Siemens to crystalise the value of its healthcare business in first half of 2018
This will be Germany’s largest IPO since Deutsche Telekom’s in 1996. Ahead of Healthineers’ IPO scheduled for the first half of 2018, Siemen’s healthcare business, the German giant will test the appetite of sovereign wealth funds to secure anchor investments… Read More ›
Nestle divests its tea brands in North America for undisclosed amount
The move underscores Nestle’s desire to reshape its business to new consumer trends and healthcare as it finds ways to boost returns of investment to shareholders. On Monday, Nestle disclosed it has sold two of its tea brands in North… Read More ›
Xiaomi preparing for an IPO in early 2018
Sources familiar with the company’s plans say, Xiaomi’s likely valuation is expected to be $100 billion, if not more. Sources familiar with the matter have stated, Xiaomi Inc has asked banks to pitch next Friday for an initial public offering… Read More ›
SoftBank Group Corp offers to increase stake in Flipkart
While earlier Flipkart was valued at $11 billion, Softbank’s latest valuation pegs it $9 to 10 billion. Japan’s SoftBank Group Corp has offered to buy an undisclosed stake in Indian e-commerce giant Flipkart, and has valued the company in the… Read More ›
Uber Technologies almost out of the woods after adopting improved corporate governance and SoftBank deal
Although the measures adopted by Uber Technologies significantly shores up its corporate governance and reputation, it has however ticked off early Uber investors since it cuts off their super-voting rights which gives them 10 votes per share. This could potentially… Read More ›