Dewan Cement finally strikes deal with Mega Conglomerate after roller coaster week
LAHORE:  A bourse notification filed Wednesday by BMA Capital Management Limited disclosed that Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority...
Facebook acquires Confirm, a company which authenticates IDs
NEW YORK/SAN FRANCISCO: Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on...
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...
PICIC insurance set to merge into Crescent Star Foods
LAHORE: A bourse notification Tuesday filed by PICIC Insurance revealed the company's board of directors had approved its merger with Crescent Star...
Fatima Fertilizer, Fatimafert proposed merger delayed
LAHORE: A bourse filing Friday by Fatima Fertilizer Company Limited revealed its board of directors decided to delay the proposed merger between...
Hershey reportedly acquiring Amplify snack brands for $1.6 billion: CNBC
PENNSYLVANIA: Hershey Co, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, is nearing a deal to buy SkinnyPop parent Amplify...
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...
Samsung hunting for bigger merger & acquisitions, deals
HELSINKI: Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more...
Government to accelerate privatisation move
ISLAMABAD: While the process of privatising government entities has been halted after few transactions of profitable organisations, the government has decided to...
Chinese company plans to invest $9bn in KE by 2030
ISLAMABAD: Shanghai Electric Power Company (SEPC) Chairman Yundan Wang said on Friday that his company was planning to invest $ 9 billion...
US govt moves to block AT&T $85.4 billion acquisition of Time Warner
WASHINGTON: The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying...
Warren Buffet offloads stake in IBM, increases shareholding in Apple
NEW YORK: Warren Buffett’s Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from...
Kapco shelves plan to acquire 17.37pc stake in Hubco
LAHORE: A bourse notification from Kot Addu Power Company (KAPCO) disclosed it postponed plans to acquire 17.37pc stake in Hub Power Company...
Careem moves into delivery service by acquiring Delivery Chacha
KARACHI: In a model replicating UberRush, Careem the ride-hailing service has ventured into the delivery segment by acquiring Delivery Chacha, an on-demand...
Philippine’s One Dex Cel Pharma shows intent to acquire 65pc equity stake in Haydery Construction
Karachi: In a notification sent to the bourse on Friday by Topline Securities announced the intention of Philippines based One Dex Cel...