Qualcomm again rebuffs Broadcom’s revised bid of $121 billion
SAN DIEGO: U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd’s revised $121 billion buyout offer but proposed meeting its peer...
Have Pakistan’s most successful startup founders become Naspers’ latest victims?
The merger of EMPG and OLX has created a new entry into the unicorn club, but is it another one of Naspers' classic burn-them-out takeovers? Or did the Pakistani founders negotiate from a position of strength? Besides, who is next?
Softbank purchases 15 percent stake in Uber
NEW YORK: A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare...
Three months later, PTCL’s acquisition of Telenor continues through sluggish approval process
The CCP’s Phase 1 review likely to end by March end; Phase 2 review very much on the cards
Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan
KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...
CSIL acquiring company holding franchise rights to Fat Burger in Pakistan
Karachi: In a notification sent to the bourse on Wednesday, Crescent Star Insurance Limited (CSIL) announced that it had signed a memorandum...
SEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
Jahangir Siddiqui will soon own two banks. Not everyone is happy
From legal technicalities to outright accusations of white-collar crime involving big business, as well as the regulators, JS Bank’s bid to buy BankIslami has many detractors. But will any of this be enough to stop the transaction from taking place?
United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
Qualcomm keeps door open for negotiations with Broadcom
SAN DIEGO: Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter’s $121 billion bid constructive and opened...
Alibaba in talks with Rocket Internet to acquire Daraz: Report
LAHORE: Alibaba, amongst the world’s leading e-commerce players is contemplating to purchase Rocket Internet’s online retail unit Daraz in Pakistan.
According to a...
Disney acquires Fox TV, film unit for $52.4 billion
CALIFORNIA: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc...
GSK to acquire Novartis’s consumer healthcare venture for $13 billion
ZURICH: GlaxoSmithKline said on Tuesday it will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13 billion in...
OMV Pakistan divests upstream business to United Energy for $192 million
KARACHI:Â OMV AG, the Vienna-Austria-based integrated oil and gas company, has agreed to sell its upstream, exploration and production, business in Pakistan to...
Sindh Bank-Summit Bank amalgamation not to go ahead without SC approval
The merger of Sindh Bank-Summit Bank has come under scrutiny due to alleged financial irregularities